MMFs See Second Week Of Outflows. RRP Below $600 Billion

Money market funds saw a second week of outflows as AUM appears to have peaked near $6 trillion. Nearly $9 billion in institutional government fund redemptions more than offset modest inflows elsewhere. The $1.39 billion net outflow was a drop in the proverbial bucket, but it nevertheless merits a mention given investor focus on the wall of cash parked in MMFs. This week's outflow came on the heels of a $14 billion net redemption last week, but thanks to a record two-week inflow to start 2024,