Money market funds (MMFs) remain viable safe havens for investors despite drops in interest rates of most instruments.
Money market refers to trading in short-term debt investments, according to Investopedia. They include trading in treasury bills, commercial papers, money market mutual funds, certificates of deposits, among others.
Most money market yields have seen slight declines in recent times, but they are still relatively high – with some exceeding year-to-date returns of 20 percent.