Money Market Funds See First Outflow In Two Months

Money market funds saw their first outflow in two months in the week to December 13, data released late Thursday in the US showed. The $11.6 billion net redemption was notable more for snapping a seven-week run of inflows than it was for anything else. The sum is a relative pittance -- a drop in the bucket at the tail-end of a monumental year for MMF flows. Money fund assets still look poised to reach $6 trillion soon enough, even if expectations for Fed cuts (and/or risk asset FOMO) chip away