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Post by mozart522 on May 3, 2022 14:14:06 GMT
is yielding .43% while the cash resurves MM (brokerage) only .28% or 54% less?
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Post by FD1000 on May 3, 2022 18:43:40 GMT
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Post by mozart522 on May 3, 2022 21:54:43 GMT
Yes correct. I was just wondering why VG has two MM with such different yields. |
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Post by fishingrod on May 3, 2022 23:05:56 GMT
The Treasury money market VUSXX has an average maturity of 32 days, SEC yld. of .43%. While the cash reserves VMRXX has an average maturity of 27 days, SEC yld. of .28%.
They also have VMFXX Federal money market with an average maturity of 23 days and an SEC yld. of .26%.
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Post by mozart522 on May 4, 2022 12:05:30 GMT
The Treasury money market VUSXX has an average maturity of 32 days, SEC yld. of .43%. While the cash reserves VMRXX has an average maturity of 27 days, SEC yld. of .28%.
They also have VMFXX Federal money market with an average maturity of 23 days and an SEC yld. of .26%.
Yes I knew that. I just find it stange that 5 days difference in maturity can make a 53% difference in yield. |
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Post by fishingrod on May 4, 2022 12:30:46 GMT
Another difference I see is that VUSXX invests solely in US Treasury obligations. While the other two "Invests primarily in securities issued by the U.S. government or its agencies, as well as repurchase agreements with collateral backing of U.S. Treasuries or to a lesser extent mortgage-backed securities."
Average maturity 36 days for VUSXX 4/30/2022
average maturity 27 days for VMRXX 4/30/2022
Because some of the securities included in VMRXX and VMFXX are "not" backed by the full faith and credit of the U.S. govt. the yield on them should be higher than VUSXX. But it is not right now.
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