Reuters says "​US money market fund assets swell to record". Citing iMoneyNet'​s Money Fund Report, the article says assets continued their dramatic climb. ICI'​s larger weekly asset series, which we use, should also show a large increase when it comes out late this afternoon. Institutional investors continue to move away from a Fed-​depressed funds levels and distressed bond and money market securities and into higher-​yielding and well diversified money funds.

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