​Bank Deposits & Money-Market Funds See Sizable Outflows As Stocks Surge – Tyler Durden

Bank Deposits & Money-Market Funds See Sizable Outflows As Stocks Surge For the first time in seven weeks, money market funds saw net outflows last week (-$20BN) – the largest weekly outflow since June… Source: Bloomberg The outflow was dominated by a major institutional drawdown (-$25BN) as Retail funds saw inflows yet again… Source: Bloomberg US Bank Deposits (seasonally-adjusted) also saw outflows in the week ending 09/11 (-$9.3BN), the first weekly outflow in five weeks… Source: Bloomberg On a non-seasonally-adjusted basis, US Bank Deposits also fell (-$15BN), backing off from April highs… Source: Bloomberg Excluding foreign deposits, domestic banks saw…  — Continue at ZeroHedge News : Read More