Market News / Story
Money market funds log biggest weekly inflow since pandemic - BofA
Seeking Alpha ·
Seeking Alpha reports: Global money market funds have recorded their largest cash inflows since April 2020, pushing total assets under management to an unprecedented $8T, according to Bank of America Securities. With Treasury bill yields holding around 4.2%, these safe-haven vehicles are now generating around $330B in annual interest income, creating an incentive for investors to stay put, strategist Michael Hartnett wrote in the latest BofA Flow Show note. Historical data comparing…