The recent market turbulence caused by COVID-19 led to a rush for liquidity, dislocating the short end of the credit markets, particularly commercial paper and short duration structured securities. It also raised liquidity concerns on institutional prime money market funds triggering a government intervention, but the stable value market in general experienced healthy inflows as participants migrated away from equity market volatility.
Stable Value Investment Association
1800 Diagonal Road
Alexandria, VA 22314
Phone: (202) 873-9567