Money market funds in the US suffered an estimated $197bn of net outflows last week as confidence in their safe-haven status weakened after one fund “broke the buck” and others closed.
The outflows mark a new and potentially dangerous phase for the $3,400bn money market fund industry as continued redemptions could result in forced selling of their securities into illiquid bond markets.
Some money market fund operators are facing the prospect of either closing funds to halt redemptions or engineering more costly bail-outs of their funds.
您已閱讀57%（540字），剩餘43%（402字）包含更多重要資訊，訂閱以繼續探索完整內容，並享受更多專屬服務。