Investors flock to cash and money market funds amidst debt ceiling concerns.
TL;DR Summary
US money market funds received a net $39.9 billion of inflows in the week to May 24 as investors favored safer bets ahead of a deadline for politicians to agree an increase in the country's debt ceiling. Meanwhile, riskier equity funds saw outflows for a ninth straight week, worth $1.79 billion. U.S. bond funds attracted a fourth week of inflows, worth about $4.22 billion, with government bond funds receiving $2.43 billion in a fifth straight week of net buying.
- US money market funds see big inflows amid debt ceiling caution Reuters
- Investors have poured $756 billion into cash funds this year - BofA Yahoo Finance
- Yield-hungry investors push US money market assets to record $5.4tn Financial Times
- Global money market funds attract heavy inflows as US debt ceiling looms Reuters
- Investors Send $3 Billion to Investment Grade Corp. Debt Funds, 7th Weekly Inflow in 8 Seeking Alpha
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