ICI's weekly asset series shows money market funds breaking back above $3.5 trillion. Assets surged $50.82 billion to $3.506 trillion, though they remain $30 billion below their April 9 record. Institutional funds jumped $42.64 billion to $2.287 trillion and retail funds rose $8.19 billion to $1.218 trillion. YTD, money fund assets have increased by $361.2 billion, or 11.5%. Over 52 weeks they've increased by $926 billion, or 35.9%.