3 ms·
> I remember when money-markets lost their peg back in 2008 and pretty much the world went apocalyptic. For comparison, I believe it was only one money market
by jcranmer 5y ago
> I remember when money-markets lost their peg back in 2008 and pretty much the world went apocalyptic.
For comparison, I believe it was only one money market fund that had to break the buck and sell for something like $0.97 instead... and the withdrawals were hitting 10% of total money market fund value in a few days.