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Money Market Fund Assets Soar, Hit New Record Above $5.62 Trillion
Money market funds saw the largest inflows in two months in the week to September 6, data released late Thursday in the US showed.
The near $42 billion haul was the eighth inflow in nine weeks.
Total assets now stand at $5.625 trillion, a new record.
This week's influx was spread across investor types and products, led by more than $22 billion to institutional government.
The YTD inflow for 2023 now stands at $890 billion.
As usual, the focus is on the MMF-RRP-T-bill nexus. Money market f
The idea of money market assets rising makes a lot of sense. Other related “good news” this morning is that home builders are finally being discouraged by high rates. After all this time, we’re beginning to see some meaningful signs of capitulation from builders unwilling to build in the face of higher rates. It certainly took a while.