The Kobeissi Letter(@KobeissiLetter):BREAKING: US retail money market fund assets jumped +$202 billion YoY in June, to a record $3.05 trillion. Since 2022, retail money market fund assets have more than tripled. This is also twice as large as the peak recorded following the 2020 pandemic. Retail money market fund assets have grown at a +14% compounded annual growth rate (CAGR) since the start of 2019. The average money market fund yield is currently 3.57%, according to the Crane 100 Money Fund Index, which tracks the 100 largest money market funds. Retail is taking advantage of elevated risk-free yields.

2026.08.16 17:59

BREAKING: US retail money market fund assets jumped +$202 billion YoY in June, to a record $3.05 trillion. Since 2022, retail money market fund assets have more than tripled. This is also twice as large as the peak recorded following the 2020 pandemic. Retail money market fund assets have grown at a +14% compounded annual growth rate (CAGR) since the start of 2019. The average money market fund yield is currently 3.57%, according to the Crane 100 Money Fund Index, which tracks the 100 largest money market funds. Retail is taking advantage of elevated risk-free yields.