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The yield on my Schwab Value Advantage MMF has increased about 20 basis points in about the last 45 days. I think it's due to the increased risk premiums on Commercial Paper etc. even in the highest grades. With the Fed rate cut this yield will surely come down. Does anybody have a good proxy to track the rates on these high grade non-government short term rates. I see mention of the LIBOR rate but I don't know if this is representative of this kind of paper. TIA.
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