Exchange Currency

breaking the buck

Colloquial term used to describe the situation when net asset values for a money market fund decrease below $1.

Related information about breaking the buck:
  1. Breaking The Buck Definition | Investopedia
    When the net asset value (NAV) of a money market fund falls below $1. Breaking the buck can happen when the money market fund's investment income does ...
     
  2. Why Money Market Funds Break The Buck
    Jun 7, 2012 ... With only the very rare case of a fund breaking the buck, no firm wants ... Firms will do just about anything to avoid breaking the buck, and that ...
     
  3. Money market fund - Wikipedia, the free encyclopedia
    1 Explanation; 2 History; 3 Breaking the buck; 4 September 2008. 4.1 Events; 4.2 Analysis. 5 Statistics; 6 Types of money funds. 6.1 Institutional money fund; 6.2 ...
     
  4. Breaking The Buck: CNBC Explains - Money Market Funds, Money ...
    Jul 26, 2011 ... In times of severe financial stress, money market funds, which are generally thought to be highly safe investments, have been said to be in ...
     
  5. Study: 78 Money Funds Risked 'Breaking the Buck'- US Business ...
    Aug 14, 2012 ... A recent study says that 78 money-market mutual funds had to seek help from their sponsors to keep from having their share prices drop below ...
     
  6. 'Breaking the Buck' Was Close for Many Money Funds - WSJ.com
    Aug 10, 2010 ... At least 36 of the 100 largest prime money-market funds had to be propped up in order to survive the financial crisis, according to Moody's ...
     
  7. Breaking a Buck, Maybe, but Not Taxpayers' Backs
    Aug 11, 2012 ... It earmarked $50 billion to protect money market funds and to prevent them from “ breaking the buck,” or having their shares fall below the ...
     
  8. The risk of 'breaking the buck' - CNN Money
    Sep 22, 2009 ... The government will no longer guarantee money market funds, but that might not mean what you think.