Money-Market Assets Rise to Fresh Record for Third Straight Week
- Total climbed to $6.108 trillion in the week to March 13: ICI
- Prime institutional funds saw second straight week of outflows
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Money-market fund assets rose to a fresh record high on expectations short-term rates will remain elevated for longer after traders reined in bets on the first Federal Reserve cuts this year.
About $31.3 billion flowed into US money-market funds in the week through March 13, according to Investment Company Institute data. Total assets rose to $6.108 trillion from $6.077 trillion the week prior.