Money-Market Assets Hit Fresh Record for Second Straight Week

Money-market fund assets rose to a fresh record high for the second straight week on expectations short-term rates will remain elevated for longer after traders reined in bets on the first Federal Reserve cuts this year.

About $19 billion flowed into US money-market funds in the week through March 6, according to Investment Company Institute data. Total assets rose to $6.08 trillion from $6.06 trillion the week prior.

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