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Investor dash for cash pumps U.S. money market funds to record high – BofA

LONDON, March 10 (Reuters) – Assets invested in U.S. money market funds have reached a new all-time high of $4.9 trillion this year, as soaring short-term interest rates have sent investors rushing into cash, BofA Global Research said on Friday. Money market funds invest in highly liquid near-term …

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