Bank Bailout Facility Usage Soars For 2nd Straight Week, Money Market Inflows Resume
- Bank Bailout Facility Usage Soars For 2nd Straight Week, Money Market Inflows Resume
by Tyler Durden, https://www.zerohedge.com/
After last week saw The Fed’s balance sheet continue is decline back from its bank-bailout resurgence, all eyes will be back on H.4.1. report this evening to see if things have continued to ‘improve’ or re-worsened amid regional bank shares re-testing post-SVB amid earnings disappointments. Following the unexpected OUTFLOW the previous week, this week saw money market funds resume their trend with a $53.8 billion INFLOW…
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The breakdown was $48.9 billion from Institutional funds and $4.98 billion from retail funds. That pushed assets back up near their $5.277 trillion record high and suggests last week’s deposit OUTFLOWS may be about to re-accelerate – not good news for banks?
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