Money Market AUM Surges To Yet Another New Record

Money market funds took in a dramatic $73 billion in the eight-day "week" to November 29, data released late Thursday in the US showed. The outsized haul, which included an extra day due to data collection around the US holiday, counted among the five largest weekly inflows of the year. Institutional government accounted for nearly all of the influx. Over the past week, the perceived odds of multiple Fed rate cuts in 2024 increased. Policy pivot speculation reached a fever pitch in recent days