FDRXX : Summary for Fidelity Cash Reserves - Yahoo Finance

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Fidelity Cash Reserves (FDRXX)

Nasdaq - Nasdaq Delayed Price. Currency in USD
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  • YTD
  • 1y
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  • 10y
  • Max
7 Day Yield0.01%
Avg Maturity (days)48
  • Reuterslast year

    Debt-ceiling debate could put money funds into uncharted waters

    BOSTON/NEW YORK, Oct 22 (Reuters) - A failure by Washington leaders to raise the federal debt ceiling by next month could test whether new regulations have made money market mutual funds more robust. With $2.7 trillion in assets, money funds play a key role in the financial system as purchasers of corporate and government debt used to fund short-term operations. Some funds' managers were rattled when past debt showdowns cast doubt on the payment schedules of U.S. Treasury securities they held, though investors ultimately stayed with the funds.

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