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Market Insights
Apr 30, 2017
In the U.S., investors focused on the minutes that were released from the March FOMC meeting. Uncertainty still remained around President Trump’s ability to deliver on his plans to spur economic growth, the potential U.S. Government shutdown and the French election.
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Market
Mar 31, 2017
The FOMC raised interest rates for the third time since the 2008 financial crisis, which confirmed the Fed’s positive outlook on the economy and increased the current target interest rate range to between 75 and 100 bps. Fed Chair Janet Yellen cited growing confidence in the economy and markets generally reacted positively to the rate hike.
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Market Insights
Feb 28, 2017
February was a strong month for global markets as strong global economic data, hawkish comments from the Fed and continued positive performance from U.S. credit markets continued to encourage investors.
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Education
Jan 01, 2017
At MSIM our fiduciary responsibility characterizes our relationship with clients and forms the basis of each and every decision we make. As such, investments within our liquidity funds remain separate from the assets of Morgan Stanley and its subsidiaries. Client assets in our liquidity funds cannot be commingled, at
any time, with assets of the firm or its subsidiaries.
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Market Insights
Dec 31, 2016
Markets were largely driven by the FOMC’s meeting and the ECB announced a nine-month extension of its asset purchase program but scaled back on the amount of assets that the central bank will buy on a monthly basis.
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Regulatory
Dec 07, 2016
On December 7, 2016, the Permanent Representatives Committee approved, on behalf of the Council of the European Union, an agreement with the European Parliament on money market funds.
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Market Insights
Nov 30, 2016
In November, U.S. Treasury and bond markets were volatile following the U.S. presidential election, the eurozone inflation hit a 31-month high and the FOMC opted to not raise interest rates.
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Market Insights
Oct 31, 2016
Large outflows from prime and tax-exempt funds moved into government funds in response to U.S. money market reform, while the Fed appears positioned to increase rates in December.
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Regulatory
Oct 05, 2016
To accommodate amended fund cut-off times that will go into effect as a result of SEC Money Market Fund Reform, beginning on October 7, 2016, the Morgan Stanley Investment Management Liquidity Client Service Desk will be open from 7:00 AM to 6:00 PM ET daily to accept trades on all Morgan Stanley Institutional Liquidity Funds (“MSILF”).
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Market Insights
Sep 30, 2016
The Federal Open Market Committee kept rates constant in September, waiting for further evidence that the economy has moved closer to the Fed’s objectives. Markets now expect a rate hike in December.
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Education
Sep 12, 2016
VRDOs (also known as VRDNs) are debt instruments that generally allow issuers to receive financing at short-term rates when borrowing long-term. Making up approximately three-quarters of the total U.S. municipal money market, VRDOs can be a vital tool for municipal bond issuers seeking to diversify their debt structure and take advantage of the natural demand from tax-exempt money market funds.
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Market Insights
Aug 31, 2016
During the historically quiet month of August, strong economic data coming out of the Fed’s annual Jackson Hole Summit gave the markets confidence that a rate hike could still be on the table for this year.
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Regulatory
Aug 30, 2016
Significant progress has been made in recently on the European Money Market Funds Regulation (MMFR) file.
Prior to Slovakia taking over the Presidency of the Council in July, the Dutch were able to finalise the Council’s text
in order to move the file to trilogue negotiation with the Parliament and Commission.
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Regulatory
Jun 01, 2016
The amendments to SEC Rule 2a-7, which are to be effective as of October 14, 2016, will impact key features of certain types of money market funds.
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Education
Apr 01, 2016
A repurchase agreement (also known as a repo) is a sale of securities coupled with an agreement to repurchase the securities at a specified price on a later date. It is similar to a secured loan – the cash lender loans cash to a borrower and receives the borrower's securities as collateral.
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Regulatory
Jan 01, 2016
Basel III—a set of comprehensive reform measures aimed at strengthening the regulation, supervision, and risk management of the banking sector—is having a profound impact on the way banks view capital and deposits from investors. The new regulations are being implemented gradually by 2019, but the effects of the provisions are already being felt in the market as banks have started to adapt their behavior in line with the new rules.
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Regulatory
Nov 25, 2015
Originally released in 2010, Basel III focuses on preparing for bank runs and market stress while working primarily alongside Basel I and II rather than superseding those reforms.
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Regulatory
Aug 01, 2014
On July 23, 2014, the Securities and Exchange Commission (SEC) voted to amend Rule 2a-7, which governs money market funds. The majority of these amendments, except for certain disclosure enhancements, will not take effect for two years.
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