[RushingWater]

No, this all happened because a venerable MM fund, Reserve, broke the buck a few days prior to the 18th, and many people, myself included, decided that our MM funds were not very secure.

I can somewhat agree with you - I almost pulled my money out too and my 401K stays about 90% MM. But at this magnitude, must have been a country such as China but perhaps it was simply a move to another asset for more security.

The major question I have is how can this be anonymous?? Does anyone have a Fed chart that shows for certain that this did happen?

[RushingWater]

Yep, must have happened - doing a little google -

On September 19, the U.S. Treasury announced the establishment of a temporary guarantee program to protect shareholders of money market mutual funds—and on September 29, officially opened the program to eligible money market funds.

Source

[nicola_tesla]

No, the Fed is not saying and they’re not making the data public. It’s all say-so from a CONgressional briefing, so it can’t even be independently verified. Hence my comment about using the story to move particular legislation.

IMO it may have happened, but I believe it was institutional and retail investors who decided to move their money.

Do you really think China keeps even a trillion dollars in a money market fund or two ?

BTW - do you know what most money market funds invest in ? You should. It can be anything from T-bills to commercial paper to MBS or CMBS etc etc.

Personally, the only money market I have at the moment is invested 100% in short-term T-bills. I’m making zilch but if the US can’t make good on the T-bills the $$$ is toast anyhow.