MMF AUM Hits $6 Trillion Milestone. BTFP Borrowing Falls With Arb Dead

Money market funds emphatically snapped a two-week streak of outflows with a large haul that pushed total assets to a new record high, an update released late Thursday in the US showed. The $41.7 billion inrush in the week to January 31 was the largest in five weeks and pushed MMF AUM above the $6 trillion threshold for the first time. The milestone came during a week when Treasury outlined its borrowing plans for the quarter and the Fed pushed back against market speculation for a rate cut as