Financial Intelligence is part of the Informa Intelligence Division of Informa PLC
This is operated by a business or businesses owned by Informa PLC and all copyright resides with them. Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.
Money Market Funds posted their first outflow since late February during the week ending May 20, capping – at least for now -- a flight to cash that has seen $1.2 trillion committed to these funds over the past 12 weeks. In that time, EPFR sister company iMoneyNet calculates that the average 30-day yield among taxable US Money Market Funds has fallen from 1.28% to 0.18%. Bond Funds, meanwhile, took in fresh money for the sixth straight week as High Yield Bond Funds extended a run of inflows stretching back to late March.