People are rushing into money-market funds. That can’t last much longer—and investors could even do a one-eighty soon, with positive consequences for banks.
Total assets held in money-market funds, which are investment vehicles that buy cash-like securities such as short-term Treasury bills, recently reached close to $5.5 trillion, according to RBC. That is the highest on record.
Source: https://www.barrons.com/articles/money-market-funds-aum-bank-deposits-a86f932c?siteid=yhoof2&yptr=yahoo