​Bank Deposits & Money-Markets See Huge Inflows As Tax-Day Passes – Tyler Durden

Bank Deposits & Money-Markets See Huge Inflows As Tax-Day Passes After last week’s small $6.5BN outflow, money-market funds saw a massive $40.4BN inflow this week, taking total AUM to fresh record high above $6.5 TN… Source: Bloomberg And following last week’s huge deposit outflows (which we assumed were somewhat related to deferred tax payments coming due), US banks saw deposits (on a seasonally-adjusted basis) surged back higher (by $84BN) in the week ending 10/16 (the latest data released today)… Source: Bloomberg On a non-seasonally-adjusted basis, total deposits also rebounded from last week’s plunge (+$66BN)… Source: Bloomberg Excluding foreign deposits, domestic…  — Continue at ZeroHedge News : Read More