{"id":1485596,"date":"2024-08-23T20:40:00","date_gmt":"2024-08-24T00:40:00","guid":{"rendered":"https:\/\/bugaluu.com\/news\/?p=1485596"},"modified":"2024-08-23T20:40:00","modified_gmt":"2024-08-24T00:40:00","slug":"money-market-funds-bank-deposits-see-huge-inflows-as-stocks-rebounded","status":"publish","type":"post","link":"https:\/\/bugaluu.com\/news\/money-market-funds-bank-deposits-see-huge-inflows-as-stocks-rebounded\/1485596\/","title":{"rendered":"Money-Market Funds & Bank Deposits See Huge Inflows As Stocks Rebounded"},"content":{"rendered":"

Money-Market Funds & Bank Deposits See Huge Inflows As Stocks Rebounded<\/span><\/p>\n

\n

Money market funds saw significant inflows for the third straight week (+$24.9BN) pushing total assets under management to a new record high<\/strong> of $6.24TN, despite the rebound in stocks…<\/p>\n

<\/a><\/p>\n

Source: Bloomberg<\/em><\/p>\n

As both retail and institutional MM funds saw inflows, US bank deposits (on a seasonally-adjusted basis) rebounded from last week’s big decline with $36.3BN in inflows<\/strong> in the week-ending 8\/14…<\/p>\n

<\/a><\/p>\n

Source: Bloomberg<\/em><\/p>\n

Also, on a non-seasonally-adjusted basis, US bank deposits surged $72.3BN, erasing all of the prior week’s declines…<\/strong><\/p>\n

<\/a><\/p>\n

Source: Bloomberg<\/em><\/p>\n

Particularly interesting is the fact that since the March 2023 SVB collapse in deposits, this week has now seen both SA and NSA deposits perfectly back in line…<\/p>\n

<\/a><\/p>\n

Source: Bloomberg<\/em><\/p>\n

Excluding foreign deposits (which saw major inflows), US banks inflows were not enough to offset last week’s outflows <\/strong>(SA +$13.5BN vs -$68.5BN and NSA +$46.2BN vs -$76.1BN). On an NSA basis, the inflows were almost entirely in large banks (+$45.7BN) and on an SA basis, small banks saw $5BN outflows<\/strong> (large banks +$18.5BN)<\/p>\n

<\/a><\/p>\n

Source: Bloomberg<\/em><\/p>\n

On the other side of the ledger, loan volumes rebounded in the week-ending 8\/14 – after shrinking dramatically the prior week…<\/p>\n

<\/a><\/p>\n

Source: Bloomberg<\/em><\/p>\n

Finally, US equity market capitalization rebounded strongly this week, despite negligible change in bank reserves held at The Fed…<\/p>\n

<\/a><\/p>\n

Source: Bloomberg<\/em><\/p>\n

Of course, now that Powell has pivoted, we suspect these inflow trends will shift (as rates decline)… unless, of course, the typical post-Jackson-Hole plunge prompts derisking.<\/p>\n<\/div>\n

Tyler Durden<\/a><\/span>
\nFri, 08\/23\/2024 – 16:40<\/span><\/p>\n

\u200bhttps:\/\/www.zerohedge.com\/markets\/money-market-funds-bank-deposits-see-huge-inflows-stocks-rebounded<\/a>\u00a0<\/p>\n","protected":false},"excerpt":{"rendered":"

Money-Market Funds & Bank Deposits See Huge Inflows As Stocks Rebounded Money market funds saw significant inflows for the third straight week (+$24.9BN) pushing total…<\/p>\n","protected":false},"author":0,"featured_media":1485597,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-1485596","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","wpcat-1-id"],"_links":{"self":[{"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/posts\/1485596","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/comments?post=1485596"}],"version-history":[{"count":0,"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/posts\/1485596\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/media\/1485597"}],"wp:attachment":[{"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/media?parent=1485596"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/categories?post=1485596"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/tags?post=1485596"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}