8.28 trillion yuan sets a record, with funds voting with their feet and fleeing into money market funds; this liquidity hunger is more urgent than expected.

The increased uncertainty in the Federal Reserve's policy path has boosted demand for cash-like assets, driving the total size of U.S. money market funds to a record $8.281 trillion. According to Crane Data, as of the week ending May 28, net fund inflows were approximately $66 billion, with about $41 billion on Thursday alone. Year-to-date, money market funds have attracted around $172 billion in capital, as investors continue to adjust their portfolios before the end of the month. Source: ODAILY.