{"id":10270,"date":"2023-04-14T09:08:58","date_gmt":"2023-04-14T09:08:58","guid":{"rendered":"http:\/\/lynettelockhart.com\/client\/global-money-market-funds-2\/"},"modified":"2023-04-14T09:13:32","modified_gmt":"2023-04-14T09:13:32","slug":"global-money-market-funds-2","status":"publish","type":"post","link":"http:\/\/lynettelockhart.com\/client\/global-money-market-funds-2\/","title":{"rendered":"Global money market funds see huge demand for a seventh straight week"},"content":{"rendered":"

(Reuters) – Global investors were big buyers in money market funds for a seventh straight period in the week to April 12 after a strong U.S. jobs report heightened expectations that the U.S. Federal Reserve would raise interest rates in May. <\/p>\n

Funds in the global money market drew a net $40.83 billion worth of inflows compared with a net $61.12 billion worth of purchases in the previous week, data from Refinitiv Lipper showed.<\/p>\n

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GRAPHIC: Fund flows: Global equities, bonds and money markets, https:\/\/www.reuters.com\/graphics\/GLOBAL-FLOWS\/GLOBAL-FLOWS\/gdpzqmloqvw\/chart.png <\/p>\n

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Money market funds continue “to benefit from high U.S. real rates that forces deposits out of the banking system,” brokerage Jefferies said in a note to clients. <\/p>\n

If the fed funds rate is discounted by core personal consumption expenditure (PCE) inflation, the real interest rate is currently a positive 0.275%.<\/p>\n

The yield on the 3-month U.S. Treasury bill, in which money market funds invest the most, surged to near a 16-year high of 5.175% on Thursday. <\/p>\n

Global equity funds, meanwhile, obtained $545 million, marking their first weekly inflow in three weeks. <\/p>\n

Investors purchased communication services and financial sector funds of $974 million and $664 million, respectively, while selling a net $845 million worth of healthcare funds.<\/p>\n

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GRAPHIC: Fund flows: Global equity sectors, https:\/\/www.reuters.com\/graphics\/GLOBAL-FLOWS\/GLOBAL-FLOWS\/lbpggleawpq\/chart.png<\/p>\n

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Global bond funds saw inflows dipping to $3.43 billion in the week from $16.45 billion worth of net buying a week ago.<\/p>\n

Inflows in government bond funds slipped to a nine-week low of $2.33 billion, while high-yield funds faced outflows of $172 million. Global short- and medium-term bond funds received $1.57 billion, the biggest inflow in five weeks. <\/p>\n

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GRAPHIC: Global bond fund flows in the week ended April 12, https:\/\/www.reuters.com\/graphics\/GLOBAL-FUNDS\/GLOBAL-FUNDS\/akveqelmqvr\/chart.png<\/p>\n

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Among commodities, investors purchased $402 million of precious metal funds in their fifth consecutive week of net buying, while disposing of a net $147 million worth of energy funds. <\/p>\n

Data for 23,942 emerging market funds showed equity funds received a third weekly inflow, worth $227 million, while bond funds had $913 million worth of outflows after two weekly net purchases in a row. <\/p>\n

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GRAPHIC: Fund flows: EM equities and bonds , https:\/\/www.reuters.com\/graphics\/GLOBAL-FLOWS\/GLOBAL-FLOWS\/klvygnywlvg\/chart.png<\/p>\n

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(Reporting by Gaurav Dogra and Patturaja Murugaboopathy in Bengaluru; Editing by Tom Hogue)<\/p>\n

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(Reuters) – Global investors were big buyers in money market funds for a seventh straight period in the week to April 12 after a strong U.S. jobs report heightened expectations that the U.S. Federal Reserve would raise interest rates in May. Funds in the global money market drew a net $40.83 billion worth of inflows […]<\/p>\n","protected":false},"author":8,"featured_media":10271,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":""},"categories":[1213],"tags":[],"class_list":["post-10270","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-u-s-business"],"jetpack_featured_media_url":"http:\/\/lynettelockhart.com\/client\/wp-content\/uploads\/Reuters_Direct_Media\/USOnlineReportBusinessNews\/tagreuters.com2023binary_LYNXMPEJ3D099-VIEWIMAGE.jpg","_links":{"self":[{"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/posts\/10270","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/comments?post=10270"}],"version-history":[{"count":1,"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/posts\/10270\/revisions"}],"predecessor-version":[{"id":10272,"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/posts\/10270\/revisions\/10272"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/media\/10271"}],"wp:attachment":[{"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/media?parent=10270"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/categories?post=10270"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/tags?post=10270"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}