Wall Street Buys More T-Bills, Parks Less at Fed: WSJ

Money-market funds are reducing their cash holdings in a Federal Reserve borrowing program, indicating that market disruptions have been avoided despite efforts to replenish government coffers after the debt-ceiling fight. This comes as the central bank’s reverse repo falls below $2 trillion for the first time in over a year. Despite the recent collapse of Silicon Valley Bank, bonds are still seen as a viable investment, as explained by the Wall Street Journal.

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