Spread between 10-year and 3-month Treasury yields - money-market funds park trillions with Fed

The spread between 10-year and 3-month Treasury yields

The most deeply inverted part of the U.S. yield curve is one that hasn’t sent a false signal about the prospects of a U.S. recession in more than a half-century of research.

MarketWatch 5 April 2023

https://www.marketwatch.com/story/bond-markets-most-deeply-inverted-gauge-is-pointing-to-large-slowdown-in-economic-growth-and-deep-recession-3c1d21e1

Some see systemic risks as money-market funds park trillions with Fed

The concern is that if investors and savers can nab such attractive yields in money-market funds, they might continue to migrate away from the banking system into a venue where it can’t be recirculated into the economy in the form of loans.

Market Watch 5 April 2023

https://www.marketwatch.com/story/its-like-cash-under-the-mattress-but-some-see-systemic-risks-as-money-market-funds-park-trillions-with-fed-73cc4a67