Money Market Flows
Money Market Flows Inflows to money market funds remain very strong, as interest rates have risen. Image: BofA Global Investment Strategy
Money Market Flows Inflows to money market funds remain very strong, as interest rates have risen. Image: BofA Global Investment Strategy
All Money Market Funds Total Net Assets High cash levels tend to be contrarian bullish for the S&P 500. Image: BofA Global Research
Money Market Assets Under Management Will investors keep pouring their money into cash? Image: BofA Global Investment Strategy
Flows – Retail Money Market Funds As interest rates increase, inflows into retail money market funds continue to exhibit strength. Image: Topdown Charts
Money Market Fund Assets The prior two surges in U.S. money market fund assets, in 2008 and 2020, the Fed cut interest rates. Image: BofA Global Investment Strategy
Money Market Fund Assets as a Percent of S&P 500 Market Capitalization Cash on the sidelines is not elevated relative to the S&P 500 market capitalization. Image: Morgan Stanley Wealth Management
Cash – U.S. Money Market Funds Deposits as a % of Total Equity and Bond Market Value Cash on the sidelines is not as elevated as many believe. Image: BCA Research
Money Market Fund Assets vs. Fed Funds Target Rate The prior two surges in money market fund assets, in 2008 and 2020, the Fed cut interest rates. Image: BofA Global Investment Strategy
U.S. Money Market Fund Yields vs. U.S. Bank Deposit Rates Higher rates could lead to deposit flight and increased liquidity risk for U.S. banks. Image: J.P. Morgan
Flows into Global Money Market Funds There were significant flows into global money market funds in the first 9 weeks, as rate rises. Image: Goldman Sachs Global Investment Research