Subject: Re: NOT OT: GUNDLACH
' Just a reminder, the vanguard federal mmf currently yields 4.6.'

Didn't mmfs go upside down and freeze in 2008? Which is safer and more liquid, a mmf or a treasury ladder?

This is easier:
https://investor.vanguard.com/...

VGSH Vanguard Short-Term Treasury ETF
30 day SEC yield 4.73%

I have money in the vanguard federal mmf and VGSH. Don't think we're in a 2008 situation, but who knows?