US money market funds see big inflows amid debt ceiling caution

  • 📰 Reuters
  • ⏱ Reading Time:
  • 22 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 97%

Belgique Nouvelles Nouvelles

Belgique Dernières Nouvelles,Belgique Actualités

U.S. money market funds saw big inflows in the week to May 24 as investors favored safer bets ahead of a deadline for politicians to agree an increase in the country's debt ceiling.

According to Refinitiv Lipper data, U.S. money market funds received a net $39.9 billion of inflows, the biggest week of net buying in four weeks.U.S. President Joe Biden and top congressional Republican Kevin McCarthy are closing in on a deal to raise the government's $31.4 trillion debt ceiling for two years, a U.S. official told Reuters, but time is running short.it will run out of funds within a week, and legislating any deal will take that down to the wire.Investors sold $1.

equity value funds and $703 million from growth funds, respectively.Meanwhile, sectoral equity funds remained in demand as they drew a net $335 million worth of inflows. Tech and consumer discretionary sectors received a net $420 million and $289 million, respectively.On the other hand, U.S. bond funds attracted a fourth week of inflows, worth about $4.22 billion.U.S. corporate and high yield funds also drew $1.

 

Merci pour votre commentaire. Votre commentaire sera publié après examen.
Nous avons résumé cette actualité afin que vous puissiez la lire rapidement. Si l'actualité vous intéresse, vous pouvez lire le texte intégral ici. Lire la suite:

 /  🏆 2. in BE

Belgique Dernières Nouvelles, Belgique Actualités