This piece highlights why LIBOR is being replaced, the difference between LIBOR and SOFR, challenges using SOFR will present to money market funds, what to expect in 2021 and the fact that most of the securities purchased...

The Federal Reserve Open Market Committee (“FOMC”) held the regularly scheduled meeting on September 16, and, as expected, voted to keep the federal funds target rate in a range of 0.00% to 0.25%.

The U.S. economy continued to recover as the third quarter of 2020 ended, but there are signs that the pace of the recovery is slowing.

The operating environment was particularly challenging for issuers in the money market space during the first half of 2020 due to the unprecedented contraction in global economic activity as a result of the COVID-19 pandemic.

The Dreyfus Government Securities Cash Management Fund is making an “IMPACT” by proactively seeking investments that can have a direct, positive impact on society. The fund accomplishes this by aligning investment returns with investor values through an investment process that focuses on diversity and inclusion (D&I).

The rapid global spread of COVID-19, which was officially declared a pandemic by the World Health Organization on March 11, 2020, propelled the markets and the global economy into a state of extreme dislocation in what so far has been contained to a liquidity event.

When a central bank considers lowering interest rates below zero, the goal is to incentivize banks to lend money to influence spending by businesses and consumers to spur economic growth. Many ask whether or not we will be heading into a period of negative interest rates?

BNY Mellon Investment Adviser, Inc. makes a capital contribution in the General NJ Muni MMF in order to increase the shadow net asset value of the fund.

BNY Mellon purchases securities in the Dreyfus Cash Mngt Fund in order to increase liquidity within the fund triggering an NC-R filing.

The overall credit quality of the States has been sound and stable to improving. However, with recent events still unfolding it is likely to have an impact on each state's economy to varying degrees.

We expect the disruption to supply chains, lower global economic projections and reactionary cuts to central bank policy rates amidst the volatility within the financial market to impact issuers to varying degrees.

Although there are various opinions on how coronavirus is likely to develop, the reality is that it remains uncertain how long it will last and how far it might spread.

As new players enter the realm of streaming services and competition increases, who will come out on top?

The operating environment during the third quarter of 2019 remained challenging for issuers within the money markets, driven by escalating U.S./China trade tensions, continued Brexit uncertainty and other geopolitical risks. These headwinds have served to slow global economic growth, but growth remained expansionary amongst the major advanced economies....

The operating environment remained challenging during the second quarter of 2019 as escalating trade tensions between the U.S. and China, continued Brexit uncertainty and other geopolitical risks...