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us money market $2.3 trillion

  1. Geekay

    226 posts.
    Fin Review 23/3 had a report from a Mutual Fund manager who said that when the US market rallied last week, US$21 Billion shifted from the money market funds to the share market.
    This still left about US$2.3 Trillion in money market accounts, which is close to the highest level since 1982.
    Yields on taxable money market funds average about .73%.... so the money can't stay there forever.

    Any Fund Manager is going to have a biased (eg ramping) opinion, but that is a big bag of cash.
    As evindenced last night, it only takes a sniff of a postive outcome in Iraq, and the money floods in.

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