Money Markets into 2021: The Fed vs money markets

The dynamics of money markets have been widely varied this year, from heavy March outflows to record Q2 inflows. The pandemic is taking its toll and forcing the money markets industry to reshape. Central banks around the world have taken action to confront the challenges their respective economies are facing. At the end of August, the US Federal Reserve indicated that interest rates are going to stay low for some time while the European Central Bank has flooded the euro zone interbank money-market with liquidity. • How are these events and actions affect the money markets? Will more funds close or is it simply a case of repositioning? • What do investors need to understand about money markets in 2020? • Aside from yield, what do investors really want from their money market providers now and in the future? Speakers: Morgan Davis, Bonds editor, Global Capital (moderator) Ed Lopez, Chief Revenue Officer, Calastone Paul Przybylski, Global Head of Product Strategy and Global Head of Client Service for Global Liquidity, JPMorgan Alastair Sewell, Senior Director, Fund & Asset Management, Fitch Ratings Doug Spratley, CFA, Portfolio Manager, T. Rowe Price