Money-Market Fund Assets See Largest Outflows Since 'Lehman'
Zero Hedge -

Money-Market Fund Assets See Largest Outflows Since 'Lehman' Total money-market fund assets plunged by $112BN in the last week as Tax-Day demands took the total assets below $6 Trillion for the first time sine January (to $5.97 Trillion) Source: Bloomberg Corporate taxes collected from April 11 through April 17 totaled $100.7 billion, Treasury data show. While Tax-Day's impact matters obviously, we note that this is the largest weekly drop in money-market fund assets since...

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