MMF Treasury holdings hit record $3.7trn in August

What happened: US money market funds held a record $3.7 trillion in US Treasuries at the end of August, above the previous high set in December last year. Key numbers: Treasury holdings rose 7.1% from a month earlier, a $244.1 billion increase. Total MMF investments grew 1.4% to a record $8.5 trillion, with USTs at 43.3% of the total, the highest share since June 2021. Why it matters: The shift lifts the Treasury share of MMF portfolios to its highest level since June 2021, with total fund investments also at a record.

US money market funds held a record $3.7 trillion in US Treasuries at the end of August, above the previous high set in December last year.

The shift lifts the Treasury share of MMF portfolios to its highest level since June 2021, with total fund investments also at a record.