Fed Emergency Bank Bailout Facility Usage Hits New Record High; Retail Money-Market Fund Inflows Continue
- Fed Emergency Bank Bailout Facility Usage Hits New Record High; Retail Money-Market Fund Inflows Continue
by Tyler Durden, https://www.zerohedge.com/
After last week’s surprise and sizable outflows from institutional money-markets (likely driven by corporate tax demands), expectations were for a return to inflows but for the 3rd straight week, money market funds saw outflows (albeit a small $2.9 billion)…
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However, we note that once again retail saw a 10th straight week of inflows (+5.8 billion) while institutional funds saw $8.7 billion of outflows (3rd straight week)…
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