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via marketwatch.comMarkets

Traders flock to Treasury market for safety as tech-led stock selloff deepens

FROM THE WIRE · MARKETWATCH.COM

A record $8 trillion in cash is now also on the sidelines in U.S. money-market funds, according to the Investment Company Institute.

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MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: expected bearishFlows into Treasuries and money-market cash signal risk aversion amid the tech-led selloff.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
  1. 01Traders are seeking safety in the Treasury market as the tech-led stock selloff deepens.
  2. 02According to the Investment Company Institute, a record $8 trillion in cash sits in U.S. money-market funds.
  3. 03The cash remains on the sidelines.

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