Stratospheric Cash Mountain Grows Still Taller As MMF Inflows Persist
It just keeps going and going and going and...
US money funds saw a sixth straight chunky inflow in the week to September 11, data released late Thursday showed.
Those who variously predicted ongoing inflows to institutional government funds for the balance of the year were correct. That category saw a $27.32 billion influx, as more than $9 billion fled institutional prime products. Retail inflows were around $8 billion over the week, split pretty evenly across government and prime funds.
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