The Wall Street Journal'​s Brett Arends notes the attractiveness of tax exempt money market fund yields in "`​Wacky Credit Gyrations Yield Some Easy Money". The piece says, "Money market funds are near-​cash vehicles that often provide ordinary investors with the best short-​term savings rates. Unlike CDs they don'​t come with a federal guarantee, but they have historically proven as secure as a guaranteed bank account and usually pay slightly higher interest." Also, see yesterday'​s WSJ article "​Auction-​Rate Securities May Get Help", which discusses attempts to convert auction-​rate securities into money fund-​eligible variable-​rate demand notes.

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