The U.S. Treasury Department announced early Friday it has set aside $50 billion from The Exchange Stabilization Fund to insure that no fund in the $3.4 trillion money market fund industry “breaks the buck” for the next year.

The Treasury make the extraordinary move as investor concerns over The Reserve’s Primary Fund falling below $1 pet net asset value on Tuesday exacerbated global financial market turmoil and caused severe liquidity strains.

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