- Fed Emergency Bank Bailout Facility Usage Tops $100 Billion For First Time As Money-Market Inflows Soared Again
by Tyler Durden, https://www.zerohedge.com/
Following Friday’s farcical Fed data on commercial bank deposits – which turned $28.4 billion on NSA outflows into $102 billion of SA inflows – tonight’s money-market fund flows and Fed balance sheet data should be pretty bloody heroic or The Fed’s “adjustments” tomorrow night are going to astronomical.
Sadly, for The Fed, things don’t look good as money market funds saw $36.6 billion of inflows to a new record high of $5.457 trillion. This is the 7th straight week of inflows (and 12th of the last 13 weeks)…
The last 15 weeks – since SVB – has seen over $635 billion of inflows into money-market funds – by far the fastest inflows outside of COVID lockdowns ever. Institutional funds saw $24 billion of inflows while retail inflows topped $12.5 billion again…