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.

The fixed income markets have returned to a more normal state following the dislocations seen in March and April as the economic and societal impacts of COVID-19 became clearer.

The Federal Reserve Open Market Committee (FOMC) held the regularly scheduled meeting on June 10 and voted to keep the federal funds target rate in a range of 0% to 0.25%.

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...

Replacing the London Interbank Offered Rate or “LIBOR” has become a Wall Street priority and global regulators are keen to consign it to the dustbin of history, after a host of banks were accused of manipulating the rate.  DOWNLOAD PDF

We look at the aftermath of regulations on the all-important European money market fund industry. New rules that reshaped the EUR1.3 trillion industry didn’t send investors running into alternative investments. DOWNLOAD PDF

The operating environment remained challenging during the first quarter of 2019, albeit less so than the more volatile environment that closed out...

Floating Net Asset Value mmfs now require investors to consider a fund's price movement in addition to income. These funds may offer the potential for attractive total returns over stable...

The Tax Cuts and Jobs Act (TCJA) was enacted by Congress and signed into law by the president in late 2017.