Morgan Stanley break a taboo thats stopped 88 billion euros ($113 billion) of money-market funds from ever losing principal. The banks are preparing to abandon the policy that investors get one euro back for every one they put in as government bond yields near record lows make it harder for the funds to generate returns. A money-market fund failing to repay investors in full is said to break the buck and is forced to shut down. To avoid this, banks propose to change rules governing the investment vehicles so they can pass on losses to investors by reducing the number...
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http://www.bloomberg.com/news/2013-04-02/money-funds-meet-zero-yields-by-breaking-buck-taboo-euro-credit.html