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Money market mutual funds have experienced significant inflows, with an additional $21 billion added this week, bringing the total assets under management to a record high of $6.26 trillion. This marks the fourth consecutive week of inflows, totaling over $125 billion for the month. The increase in money market fund assets coincides with a substantial $85 billion drawdown in bank deposits, the largest weekly decline since May. The movement of funds into money market mutual funds is attributed to increased T-bill issuances and a shift of money out of sterilization.
For the 4th week in a row, money market funds saw inflows (+$21B), lifting total AUM to a new record high of $6.26T. Where did the money come from? Banks of course which saw a $85B deposit drawdown... the biggest weekly decline since May. Banking problems ahead? Source: Bloomberg https://t.co/KjZueqBm2q
For the 4th week in a row, money market funds saw inflows (+$21B), lifting total AUM to a new record high of $6.26T. Where did the money come from? Banks of course which saw a $85B deposit drawdown... the biggest weekly decline since May. Banking problems ahead? Source: Bloomberg…
Large US Bank Deposits Plunge, MM Fund Assets Hit New Record Amid Equity Chaos https://t.co/cIkiNpasVM
