Global investors were big buyers in money market funds for a seventh straight period in the week to April 12 after a strong U.S. jobs report heightened expectations that the U.S. Federal Reserve would raise interest rates in May. Funds in the global money market drew a net $40.83 billion worth of inflows compared with a net $61.12 billion worth of purchases in the previous week, data from Refinitiv Lipper showed. Money market funds continue 'to benefit from high U.S. real rates that forces deposits out of the banking system,' brokerage Jefferies said in a note to clients.

https://business.inquirer.net/395977/global-money-market-funds-see-huge-demand-for-a-seventh-straight-week

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