- Assets invested in U.S. money market funds have reached a new all-time high of $4.9 trillion this year.
- Investors have put $192 billion into cash in 2021 so far.
- Yield on six-month U.S. Treasury bills reached 5.34% on Tuesday.
- Sharp tumbles in bank stocks around the world on Thursday and Friday.
Investor dash for cash pumps U.S. money market funds to record high - BofA
Assets invested in U.S. money market funds have reached a new all-time high of $4.9 trillion this year, as soaring short-term interest rates have sent investors rushing into cash, BofA Global Research said on Friday.
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