ZeroHedge News (RSS Feed) on Nostr: Election Week Saw Huge Money-Market Fund Inflows, Bank Deposits Rise, Loan Volumes ...
Election Week Saw Huge Money-Market Fund Inflows, Bank Deposits Rise, Loan Volumes Shrink
Election Week Saw Huge Money-Market Fund Inflows, Bank Deposits Rise, Loan Volumes Shrink
Money market funds saw massive inflows for the second straight week (+$81.6BN), pushing the total assets under management to a new record high of $6.66TN...
Source: Bloomberg
And while MM funds surged, total US bank deposits dropped modestly (-$7.5BN on a seasonally-adjusted basis)...
Source: Bloomberg
Though interestingly, on a non-seasonally-adjusted basis, total deposits rose by a modest $3.7BN during the week ending 11/6 (which included the election)...
Source: Bloomberg
Excluding foreign deposits, US banks saw domestic deposits rise on both an SA (+$12BN) and NSA (+$16.7BN) basis...
Source: Bloomberg
Loan volumes shrank significantly during election week...
Source: Bloomberg
Finally, the decoupling between bank reserves at The Fed and the total US equity market capitalization has reached an extreme...
Source: Bloomberg
With liquidity being drawn down from The Fed's reverse repo facility at a pace, we wonder how long that spread can be maintained.
https://cms.zerohedge.com/users/tyler-durden
Fri, 11/15/2024 - 16:41
https://www.zerohedge.com/markets/election-week-saw-huge-money-market-fund-inflows-bank-deposits-rise-loan-volumes-shrink
Election Week Saw Huge Money-Market Fund Inflows, Bank Deposits Rise, Loan Volumes Shrink
Money market funds saw massive inflows for the second straight week (+$81.6BN), pushing the total assets under management to a new record high of $6.66TN...
Source: Bloomberg
And while MM funds surged, total US bank deposits dropped modestly (-$7.5BN on a seasonally-adjusted basis)...
Source: Bloomberg
Though interestingly, on a non-seasonally-adjusted basis, total deposits rose by a modest $3.7BN during the week ending 11/6 (which included the election)...
Source: Bloomberg
Excluding foreign deposits, US banks saw domestic deposits rise on both an SA (+$12BN) and NSA (+$16.7BN) basis...
Source: Bloomberg
Loan volumes shrank significantly during election week...
Source: Bloomberg
Finally, the decoupling between bank reserves at The Fed and the total US equity market capitalization has reached an extreme...
Source: Bloomberg
With liquidity being drawn down from The Fed's reverse repo facility at a pace, we wonder how long that spread can be maintained.
https://cms.zerohedge.com/users/tyler-durden
Fri, 11/15/2024 - 16:41
https://www.zerohedge.com/markets/election-week-saw-huge-money-market-fund-inflows-bank-deposits-rise-loan-volumes-shrink