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Assets continue to build up in US Money Market Funds

Ahead of the Federal Reserve’s June policy meeting, investors shrugged off the highest monthly inflation number for the US in over a decade and steered over $35 billion into EPFR-tracked US Equity and Bond Funds as the yield on 10-year Treasuries dropped below 1.5%. Over the same period US Money Market Funds posted their largest outflow year-to-date.




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