Get the best daily market and macroeconomic commentary anywhere for less than $7 per month.
Already have an account? log in
Money Market Assets, Bank Backstop Borrowing Hit New Records
Nearly $50 billion in new cash flooded into money market funds during the week to May 24, data released late Thursday showed.
The reinvigorated influx was in part attributable to debt ceiling-related risk aversion, but the same dynamics that've pushed overall money fund assets to record high after record high are still in play.
Setting aside assurances from US officials that the banking system is sound, 5% to invest in (ostensibly) riskless government obligations looks pretty good compared to
