Money Fund Assets Remain Near Record. RRP Hits New Two-Year Low

Money market funds assets remained near record highs in excess of $5.71 trillion in the week to October 11, data released late Thursday in the US showed. Retail inflows of $12 billion split almost evenly across government and prime funds mostly offset $12.75 billion in outflows from institutional government. The minuscule net outflow, $1.57 billion, came on the heels of a massive $64 billion haul the prior week. YTD, net inflows to US money funds are $971.5 billion. Analysts are still loat