Money market funds draw 153B dollars amid bond selloff
Global money market funds drew 153.81 billion dollars in net inflows during the week ending October 7. Investors sought safe assets as a bond selloff pushed yields higher. Inflation fears and European debt concerns also drove the shift.
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Global money market funds drew $153.81B in net inflows during the week ended October 7, per LSEG Lipper data. The total marks the largest weekly net purchase since May 6, driven by a broad bond selloff. Investors fled to safer assets amid mounting inflation fears and fiscal deficits.
