Money Market Funds See Largest Outflow Since Lehman

Money market funds saw the largest weekly exodus since Lehman in the week to October 18, data released on Thursday afternoon in the US showed. The $98.8 billion outflow came amid cash withdrawals presumably tied to tax payments around an extended filing deadline. The entirety of the redemptions (and then some) were in institutional government. That category shed $112.42 billion during the week. This is anomalous and therefore it makes little sense to contextualize it via this year's massive