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iMoneyNet: U.S. Money Fund Assets Hit Highest Since October 2009

TedTed
in The Bullpen
FYI: U.S. money market funds amassed their highest level of assets since October 2009 as investors shift cash into low-risk products amid worries about a global economic slowdown and trade tensions, a private report released on Wednesday showed.

Taxable money funds, which are seen as almost as safe as bank accounts, are offering higher yields than most U.S. Treasuries.
Regards,
Ted
https://www.reuters.com/article/us-funds-imoneynet/u-s-money-fund-assets-hit-highest-since-october-2009-imoneynet-idUSKCN1VB2D5
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