In brief

• Investors placed $166.4 billion in money market funds, the most since April 2020.

• The yield on 10-year Treasury bonds reached its highest level in about 24 years.

• Bank of America says cash may not move until the Fed cuts rates.

Read the original article “Money market funds just attracted $166 billion: What spooked investors?” by Lockridge Okoth on pl.beincrypto.com