May 29, 2023
Money Moving to Money Markets from Mutual Funds
Tom Sassi
Another $47B flowed into money market mutual funds this past week.
Before SVB's failure on March 10, $47B/week would have been huge. Now it is a normal week.
SVB focused depositors on banks, and they realized they had much higher yield alternatives.
The Fed is compounding this by hiking two more times since March 10, and might not be done
Posted by: Timothy Birdnow at
09:21 AM
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