Money-market fund assets have reached a new record high, with inflows on track to hit $1.4 trillion this year. The Investment Company Institute (ICI) reports that assets have risen to $6.11 trillion, marking a significant increase from $6.077tn to $6.108tn in one week. This surge is attributed to expectations that short-term rates will remain elevated for a longer period. Additionally, in the past three weeks alone, there has been a notable increase of $100 billion in money-market fund assets as the Federal Reserve's bank bailout facility expired. Other financial movements include record inflows into tech funds, with Barclays reporting a $22 billion increase, and equities experiencing inflows of $56.4 billion in the latest week, primarily driven by a record $56 billion inflows to the US, citing EPFR data. Conversely, US Treasuries saw outflows for the first time in five weeks, while money market funds received inflows of $50 billion, the most since the record $120 billion at the start of the year.
🔴 BARCLAYS: TECH FUNDS SAW RECORD $22 BLN INFLOWS.
🔴 BARCLAYS: US TREASURIES SEE OUTFLOWS FOR THE FIRST WEEK IN FIVE.
🔴 EQUITIES SEE INFLOWS OF $56.4 BLN IN LATEST WEEK, DRIVEN BY RECORD $56 BLN INFLOWS TO US - BARCLAYS CITING EPFR DATA.
🔴 BARCLAYS: MONEY MARKET FUNDS RECEIVE INFLOWS OF $50 BLN, MOST SINCE RECORD $120 BLN AT START OF THE YEAR.
Money-market fund assets rose to a fresh record high on expectations short-term rates will remain elevated for longer. Total assets rose to $6.108tn from $6.077tn the week prior. https://t.co/nO0RFach2V https://t.co/us3ZzXroU6
*MONEY-MARKET ASSETS RISE TO FRESH RECORD $6.11 TRILLION Wait until money markets simply become money 👀
Money-market fund assets rose to a fresh record high on expectations short-term rates will remain elevated for longer https://t.co/FmbxE0qcQh
Money-Market Fund Assets Soar $100BN In 3 Weeks As Fed's Bank Bailout Facility Expires https://t.co/pEN9JAaYeD
🔴 MONEY-MARKET ASSETS RISE TO FRESH RECORD $6.11 TRILLION - ICI.
*MONEY-MARKET ASSETS RISE TO FRESH RECORD $6.11 TRILLION: ICI
Money markets on track for $1.4 trillion of inflows this year: https://t.co/h0QRHFMPqN