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Banking Update: Money Market Funds Benefit From Bank Deposit Outflow [2/3]

US
[Follows part 1, here]
  • Money market funds have benefited from the trend in deposit outflows, with assets surging since October.
  • The ICI data, with one week more data for the week to Wed 22 Mar, suggests that continued to be the case last week with a $117B increase after the $121B increase the week prior when commercial bank deposits fell the aforementioned $53B.


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