Kathleen Pender writes about municipal money market funds in todays San Francisco Chronicle. The article, however, appears late to the party since tax-​exempt money fund yields have begun rebounding sharply (​up 32 bps Friday) following the collapse in supply and yields, and as the threat of bond insurer downgrades to muni money funds recedes. The piece quotes Oppenheimer tax-​free money fund manager Cameron Ullyatt, "Money market funds are supposed to be very conservative.... We are selling that paper right and left."

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