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OMBXX

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1d
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Analysis and statistics

  • Open
    0.9994$
  • Previous Close
    0.9994$
  • 52 Week Change
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  • Day Range
    0.00$
  • 52 Week High/Low
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  • Dividend Per Share
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  • Market cap
    --$
  • EPS
    --
  • Beta
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  • Volume
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About

OMBXX.US is the Bloomberg ticker symbol for the Schwab Government Money Fund - Sweep. It's a money market fund offered by Charles Schwab that primarily invests in U.S. government securities and repurchase agreements collateralized by such securities. The fund is designed to provide a high level of current income consistent with the preservation of capital and liquidity, and it is often used as a sweep account for uninvested cash within Schwab brokerage accounts.

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Factors

Interest Rates: Rising rates generally decrease the price of OMBXX.US funds, as newer funds offer higher yields, making older, lower-yielding funds less attractive. Conversely, falling rates can increase the price.

Credit Quality: The creditworthiness of the underlying securities affects the fund's price. Downgrades in credit ratings can lead to a price decrease, while upgrades can increase the price.

Maturity Dates: Funds with longer maturity dates are generally more sensitive to interest rate changes than those with shorter maturities, leading to greater price fluctuations.

Supply and Demand: Increased demand for OMBXX.US can drive up its price, while increased supply or decreased demand can lower it.

Economic Conditions: Overall economic health influences investor sentiment and interest rates, indirectly impacting the fund's price. Strong economies can lead to higher rates.

Inflation: Higher inflation typically leads to higher interest rates, negatively affecting the price of OMBXX.US. Concerns about inflation can reduce investor confidence.

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