$166.4 billion flows into money market funds, largest since pandemic
BAC Bank Of America Corp
$53.61 +0.17%
View chart & analysis → - 1Investors poured money into money market funds at the fastest pace since the pandemic.
- 2For the week ending October 7, $166.4 billion flowed into money market funds, the largest amount since April 2020.
- 3Stocks compete with bonds and cash offering attractive yields amid rising interest rates, and Bank of America (BAC) strategist Hartnett expects cash to remain until the Fed's large-scale monetary easing and rate cuts.
So what's the key point?
Money flowed into cash funds at the fastest rate since the pandemic. As interest rates rise, stocks must compete with bonds and cash that offer attractive returns.
Source Bloomberg · View original ↗
Today's 5 AI picks, all freeNothing hidden: past picks and how they did against the S&P 500.