Download This PaperMoney Market Funds and Sponsored Repo: An Update
2 Pages Posted: 28 Apr 2025
Date Written: March 21, 2025
Abstract
Standing at $7 trillion, the total assets under management of US money market funds (MMFs) are at record levels, and so is their lending to banks and non-bank financial intermediaries (NBFIs). In this note we update Aldasoro and Doerr (2023) with data up to February 2025, with a focus on lending to NBFIs-in particular hedge funds-and potential financial stability risks.
Keywords: money market funds, sponsored repo, repo, FICC, NBFI, shadow banks, hedge funds, basis trade
JEL Classification: E52, G15, G21, G23
Suggested Citation: Suggested Citation
Aldasoro, Iñaki and Doerr, Sebastian, Money Market Funds and Sponsored Repo: An Update (March 21, 2025). Available at SSRN: https://ssrn.com/abstract=5188246 or http://dx.doi.org/10.2139/ssrn.5188246
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