​Investors Flooded Into Money-Market Funds & Bank Deposits As Markets Crashed – Tyler Durden

Investors Flooded Into Money-Market Funds & Bank Deposits As Markets Crashed Money-market fund assets rose to a fresh record ($6.19TN) as a global selloff in risk assets earlier in the week sent investors flying into cash. About $52.7BN flowed into US money-market funds in the week through Aug. 7, the largest weekly inflows since the period ended April 3 (Tax-Day prep)… Source: Bloomberg Also of note this week, demand for a rarely used Federal Reserve facility rose to the highest level in almost a month on Thursday as counterparties tested its accessibility. Counterparties tapped the Fed’s Standing Repo Facility, or…  — Continue at ZeroHedge News : Read More