After last week's massive (biggest since Lehman) outflows, Money Market funds saw a return to inflows last week (+24.9BN)...
Source: Bloomberg
Both Retail and Institutional funds saw inflows (+8.6BN and +$16.3BN respectively)...
Source: Bloomberg
But bank deposits remain completely decoupled from money market fund assets still...
Source: Bloomberg
The Fed's balance sheet continued to contract, down $25BN last week to its lowest since May 2021...
Source: Bloomberg
QT continues with $18BN in securities sales last week, down to its lowest level since June 2021...
Source: Bloomberg
Usage of The Fed's emergency bank funding facility rose $250MM lasty week to a new record high over $109BN...
Source: Bloomberg
Banks reserves at The Fed and US Equity Market Cap have recoupled from the AI Boom decoupling...
Source: Bloomberg
And the regional banks are also continuing to catch down to the reality of the $109BN hole in their balance sheets...
Source: Bloomberg
And they only have until March to fill it...
