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The Treasury Department will extend the Treasury's Temporary Guarantee Program for Money Market Funds. The programme to boost investment in money-market funds will now expire
The Programme guarantees the share price of any publicly offered eligible money market mutual fund – both retail and institutional – that applies for and pays a fee to participate in the program.
Funds that currently are not participating in the program are not eligible to enter the program. Funds must make a program extension payment and submit the extension notice by December 5.
The program currently covers over $3 trillion of assets. The Secretary may extend the program until
Further information here