Money market

Hi, everybody, and welcome back here for another Bite Size podcast.

And to finish off the day, I wanted to talk about the impact of the Labour Party conference, and in particular, Andy Burnham's speech on the money markets.

Yes.

You will recall that Burnham famously observed not that long ago that he felt it was wrong that government should be in hock to the money markets.

Do you remember he said that? He thought that was wrong.

They shouldn't dictate things.

It's not the right word, but he becomes reliant on the interest rates at which that money is lent to him.

Now, after the speech yesterday, I was looking at the UK gilt rates and they're all pretty much sitting at a record high.

This has to do with more cash-like securities, the difference between money market accounts, CDs, and treasuries.

And I wanted to know if there's something that I'm missing here.

Primarily, it seems like you can get higher yields on treasuries or CDs than you can in typical money markets or high-yield savings accounts.

But with those comes a little bit of liquidity issue.

In particular, this is talking about Fidelity, I'm assuming.