{"id":10367,"date":"2023-04-14T10:17:50","date_gmt":"2023-04-14T10:17:50","guid":{"rendered":"http:\/\/lynettelockhart.com\/client\/u-s-money-market-funds-2\/"},"modified":"2023-04-14T10:18:56","modified_gmt":"2023-04-14T10:18:56","slug":"u-s-money-market-funds-2","status":"publish","type":"post","link":"http:\/\/lynettelockhart.com\/client\/u-s-money-market-funds-2\/","title":{"rendered":"U.S. money market funds draw inflows for fifth straight week"},"content":{"rendered":"<p>(Reuters) &#8211;     U.S. money market funds received inflows for a fifth straight week after recent data pointed to a still-strong labor market, bolstering bets for a rate hike by the Federal Reserve in May.<\/p>\n<p>According to Refinitiv Lipper data, U.S. money market funds drew a net $20.51 billion worth of inflows in the week to April 12. It was, however, the smallest weekly net purchase since March 8.<\/p>\n<p \/>\n<p>GRAPHIC: Fund flows: U.S. domiciled equities, bonds and money market funds https:\/\/www.reuters.com\/graphics\/USA-FLOWS\/USA-FLOWS\/lgvdkxleapo\/chart.png<\/p>\n<p \/>\n<p>Investors are favoring money market funds over bank deposits amid a rally in short-term interest rates, with the real interest rate turning positive by some measures, analysts said.<\/p>\n<p>The yield on the 3-month U.S. Treasury bill, in which money market funds invest the most, surged to a near 16-year high of 5.175% on Thursday.<\/p>\n<p>Meanwhile, equity funds saw outflows dropping to a three-week low of $1.09 billion.<\/p>\n<p>U.S. small-cap equity funds obtained $490.3 million worth of inflows after facing three weekly outflows in a row, but large-, and mid-cap funds recorded $919 million and $276 million worth of withdrawals, respectively.<\/p>\n<p>Investors purchased U.S. communication services and financial sector funds of $951 million and $661 million, respectively, while selling $658 million worth of healthcare funds.<\/p>\n<p \/>\n<p>GRAPHIC: Fund flows: U.S. equity sector funds https:\/\/www.reuters.com\/graphics\/USA-FUNDS\/USA-FUNDS\/gkplwjxzyvb\/chart.png<\/p>\n<p \/>\n<p>Meanwhile, U.S. bond funds obtained $1.7 billion worth of inflows when compared with $8.97 billion worth of net buying in the previous week.<\/p>\n<p>U.S. government bond funds received $2.44 billion worth of inflows, the smallest amount in eight weeks, while loan participation, and U.S. short and intermediate investment-grade funds saw outflows of $542 million and $264 million, respectively.<\/p>\n<p \/>\n<p>GRAPHIC: Fund flows: U.S. bond funds https:\/\/www.reuters.com\/graphics\/USA-FUNDS\/USA-FUNDS\/akpeqnalapr\/chart.png<\/p>\n<p \/>\n<p \/>\n<p> (Reporting by Gaurav Dogra and Patturaja Murugaboopathy in Bengaluru; Editing by Devika Syamnath)<\/p>\n<p><a href=\"http:\/\/lynettelockhart.com\/client\/u-s-money-market-funds-2\/file-photo-a-u-s-dollar-note-is-seen-in-front\/\"><img decoding=\"async\" src=\"http:\/\/lynettelockhart.com\/client\/wp-content\/uploads\/Reuters_Direct_Media\/USOnlineReportBusinessNews\/tagreuters.com2023binary_LYNXMPEJ3D0BA-VIEWIMAGE.jpg\" alt=\"tagreuters.com2023binary_LYNXMPEJ3D0BA-VIEWIMAGE\"><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Reuters) &#8211; U.S. money market funds received inflows for a fifth straight week after recent data pointed to a still-strong labor market, bolstering bets for a rate hike by the Federal Reserve in May. According to Refinitiv Lipper data, U.S. money market funds drew a net $20.51 billion worth of inflows in the week to [&hellip;]<\/p>\n","protected":false},"author":8,"featured_media":10368,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":""},"categories":[1213],"tags":[],"class_list":["post-10367","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_LYNXMPEJ3D0BA-VIEWIMAGE.jpg","_links":{"self":[{"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/posts\/10367","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=10367"}],"version-history":[{"count":1,"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/posts\/10367\/revisions"}],"predecessor-version":[{"id":10369,"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/posts\/10367\/revisions\/10369"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/media\/10368"}],"wp:attachment":[{"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/media?parent=10367"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/categories?post=10367"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/tags?post=10367"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}