Money Markets Assets Rebound to Just Shy of July’s Record High
07/21/2023 13:29
The cash parked at money-market funds rebounded this week, led by prime holdings that tend to invest in higher-risk assets such as commercial paper.
The cash parked at money-market funds rebounded this week, led by prime holdings that tend to invest in higher-risk assets such as commercial paper.
With markets fully pricing another quarter-point interest-rate increase at next week’s Federal Reserve meeting, short-term rates above 5% continue to lure investors to money-market assets.