Money-market funds rake in $300 billion in just three weeks as banks face deposit 'bleed-out'
The wall of money migrating into US money-market funds has risen to $304 billion in just three weeks, as depositors spooked by the banking turmoil look elsewhere to park their savings.
The flows accelerated following the collapse of Silicon Valley Bank and Signature Bank in early March, signaling depositors worried about the safety of their savings were pulling money out of banks and parking it elsewhere. "We think that depositors have just awoken to their ability to earn more yield in a money market fund with potentially less risk. After all, and unlike banks, money funds' assets are very short, so they are subject to far less interest rate risk in a Fed tightening cycle," Barclays strategist Joseph Abate said,The flows into money-market funds, while still substantial, moderated in the most recent week in focus to $66 billion from almost $120 billion in the prior period.
日本 最新ニュース, 日本 見出し
Similar News:他のニュース ソースから収集した、これに似たニュース記事を読むこともできます。
Bed Bath & Beyond plans to sell $300 mln in stock, warns again of bankruptcyBed Bath & Beyond Inc on Thursday announced plans to sell $300 million worth of its shares as the struggling retailer looks to raise more capital, and once again warned it might have to file for bankruptcy if it cannot secure the funds.
続きを読む »
March Sadness: Banks Lost More Than $300 Billion In Market Cap This MonthBanks accounted for 11 of the 12 worst performers on the S&P 500 this month.
続きを読む »
What Hindenburg Research’s Takedown of Block Says About Money and CrimeAllegations of criminal misuse of CashApp are another opportunity to rethink how money has been politicized – and reaffirm the importance of crypto as an alternative, davidzmorris writes. Opinion for 'The Node' newsletter
続きを読む »
Bed Bath & Beyond stock sinks toward record low after $300 stock offering, which represents more than triple the retailer’s market valueShares of Bed Bath & Beyond Inc. sank 3.6% toward a record low in morning trading Thursday, after the troubled home goods retailer said it launched an...
続きを読む »
Bed Bath & Beyond Shares Drop 15% As Company Plans To Sell $300 Million In Stocks To Stave Off BankruptcyBed Bath & Beyond laid off 1,300 employees last week.
続きを読む »