Money Fund Assets Scale New Record. RRP Usage Falls Further

Money market funds raked in another $18.65 billion in the week to March 6, an update released late Thursday in the US showed. The sizable influx came on the heels of a near $50 billion haul the prior week. For the year, US money funds have taken in more than $190 billion on net in just 10 weeks. Government funds were responsible for all of this week's inflow and then some. Institutional government inflows were $13.8 billion and retail $7.8 billion. Prime products saw a net $3.6 billion outf