Liquidity has been strong in the WMP market, but these charts make clear how investors are moving into shorter duration products in 2014.
The two charts below show non-guaranteed WMPs from small/medium banks (top) and state-owned/large banks on bottom. The lines show yields on 1,2,3,6 and 12 month products. In the small/medium chart, the effect of the trust default in late January is visible.
Tyler Cowen: Why we will learn to love AI
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The American economist who once said the age of rapid innovation was over
has a striking prognosis about AI
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