Traders flock to Treasury market for safety as tech-led stock selloff deepens
Summary
Investors are moving into the Treasury market to find safety as a major stock selloff driven by technology shares intensifies. At the same time, cash holdings in United States money-market funds have reached a record high.
A record $8 trillion in cash is now also on the sidelines in U.S. money-market funds, according to the Investment Company Institute.
Source: Read the full story at MarketWatch.com - Top Stories
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