Investments into U.S. money market funds surged to an 11-month high in the week to March 24, on concerns over rising coronavirus cases in Europe and the cost of infrastructure spending and potential tax increases to pay for U.S. President Joe Biden’s $1.9 trillion relief bill.
U.S. money market funds secured a net $60.16 billion in the week, the highest since April 2020, data from Refinitiv Lipper showed.
Graphic: Fund flows into global equities bonds and money markets –
