Since the bank turmoil in March, money generally flew from bank deposits to money market funds. So there is a huge inflow for these funds. I'm wondering how they are digesting it. Did treasury somehow issued a large amount of bills during this period? Is the Fed balance sheet reflecting this inflow?
Otherwise, there has to be a seller of these funds, who are selling at this rate, and why?
Submitted June 07, 2023 at 03:37AM by heshiming https://ift.tt/bgC38Z1
