Last week, CNBC.​com published the article, "Retail money market funds inflows are the highest in 30 years as investors seek safety." They write, "As yields on money market mutual funds march toward their highest rates in more than a decade, some investors are pouring into the asset class. One fixture of overall money market funds is seeing the highest growth in decades this year -- retail money market fund inflows hit $​122.​1 billion in the week ending Oct. 19, the most since 1992, according to data from Refinitiv Lipper. Overall, the market is seeing outflows driven by institutional investors, with $​189.​5 billion being withdrawn from U.​S. money market funds through Oct. 19. That'​s the largest net outflow for any full year since 2010, according to Refinitiv Lipper. The retail funds, however, are attractive because they'​ve seen a huge increase in yields as the Federal Reserve raises interest rates to cool off high inflation." The piece tells us, "At the start of the year, such accounts were yielding 0.​02% on average, according to Crane Data, a firm that tracks money markets. Now, the average yield is 2.​8% and moving higher, notching levels that haven'​t been seen since 2007, ahead of the Great Financial Crisis. 'No doubt they will be 3% within two weeks, on average,' said Peter Crane, founder of the firm, adding that they could be pushing 4% on average by the end of the year, with little market risk. 'Anyone buying 2-​year Treasurys at 4% a month ago is probably going to be sorry,' he said."

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