Crane Data Subscribers
Sunday NYT Gets It Wrong (Again) on "Highest 7-Day Yields" AP Tables. We noticed that, yet again, the New York Times has implausible information in its Sunday "Highest 7-Day Yields" table (DataBank, Rates and Yields on p. 9 in the Business section). The table, which is Sourced: Associated Press, shows the top fund as "FrnkIFT" yielding a way-too-high 5.49% simple, 5.92% compound. Franklin IFT (INFXX) should be yielding something like a (mediocre) 4.83%. The rest of their top funds list looks okay, though it's missing several top funds and the abbreviations are almost impossible to read. Money funds do occassionally have "accounting adjustments" which spike yields up temporarily, but these should be caught, and removed, by range checks. NYT/AP has been just plain bad with its Sunday top money fund numbers; yields of over 6.0%, impossible for a money fund, have appeared over the last two months. We've attempted to get them to clean up their tables, but so far to no avail!
