- Money market funds have drawn in more than $340bn since the beginning of March.
- Treasury secretary Janet Yellen warned over the “structural vulnerabilities” of the sector.
- Experts have warned that the shift into money market funds also further threatens the stability of the banking sector.
- Much of the cash in money market funds ends up outside of the banking system altogether.
- Usage of the Fed's reverse repo facility has climbed in recent weeks, with daily levels running at about $2.3tn.
Flood of cash into US money market funds could add to banking strains
Treasury secretary Janet Yellen warns over ‘structural vulnerabilities’ of sector
Harriet Clarfelt
