May 21 (Reuters) – U.S. money market funds lured massive inflows in the week ended May 19 as investors turned risk averse on concerns over higher inflation levels and chances that the Federal Reserve might scale back its monetary support measures. Refinitiv Lipper showed U.S. money market funds received a […]
funds
US money market funds struggle as short-term rates near negative territory
A sector of the US finance industry that looks after $4tn of savings for individuals and businesses has come under severe strain as US markets flirt with negative interest rates. Money market funds investing in short-term government debt have taken in hundreds of billions of dollars of new money from […]