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BNY Mellon money fund gets capital infusion after 'shadow price' falls

A New Jersey municipal money-market fund run by BNY Mellon Corp needed an injection of $89,000 after the market value of the fund came under pressure, the bank disclosed on Tuesday in a U.S.... [Source]

Publication Date:

Origin: reuters.com

Category: PersonalFinance

Topics: Mellon, disclosed, pressure, under, value, market, injection, needed, money-market, municipal, Jersey, falls, price', 'shadow, infusion, capital, money

Source: http://feeds.reuters.com/~r/news/wealth/~3/d6xjWq4AHww/bny-mellon-money-fund-gets-capital-infusion-after-shadow-price-falls-idUSKBN21B3JV

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