People are rushing into money-market funds. That can’t last much longer—and investors could even do a one-eighty soon, with positive consequences for banks.
Total assets held in money-market funds, which are investment vehicles that buy cash-like securities such as short-term Treasury bills, recently reached close to $5.5 trillion, according to RBC. That is the highest on record.
Source: finance.yahoo.com
Related posts:
2 “Strong Buy” Stocks With at Least 7% Dividend Yield
US Steel Starts Review as It Spurns $7.25 Billion Cliffs Bid
Meet the 15 members of the $100 billion club — who are jointly worth more than Google
Half of Gen Z see no point in saving until life goes back to 'normal' — here's what they're doing wi...
This savings account is now paying 5% — plus other accounts that offer $100+ cash bonuses and more