Recession probabilities | MM flows | Regional banks

Alessio Farhadi

Speevr Intelligence
April 25, 2023

Let's start with the data...
Money market outflows
Money market funds saw net weekly outflows of ~$60bn - most withdrawals were by institutional clients. As best as we can tell, the money did not go into bond/equity mutual funds. So what happened?
Explanation 1
It's possible some...

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