
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="820" height="547" src="https://cms.cnbcafrica.com/wp-content/uploads/2023/04/Global-money-market-funds-see-big-inflows-in-the-week-to-April-26-820x547.jpg" alt="" class="wp-image-424513" srcset="https://cms.cnbcafrica.com/wp-content/uploads/2023/04/Global-money-market-funds-see-big-inflows-in-the-week-to-April-26-820x547.jpg 820w, https://cms.cnbcafrica.com/wp-content/uploads/2023/04/Global-money-market-funds-see-big-inflows-in-the-week-to-April-26-300x200.jpg 300w, https://cms.cnbcafrica.com/wp-content/uploads/2023/04/Global-money-market-funds-see-big-inflows-in-the-week-to-April-26-135x90.jpg 135w, https://cms.cnbcafrica.com/wp-content/uploads/2023/04/Global-money-market-funds-see-big-inflows-in-the-week-to-April-26-768x512.jpg 768w, https://cms.cnbcafrica.com/wp-content/uploads/2023/04/Global-money-market-funds-see-big-inflows-in-the-week-to-April-26-1536x1024.jpg 1536w, https://cms.cnbcafrica.com/wp-content/uploads/2023/04/Global-money-market-funds-see-big-inflows-in-the-week-to-April-26-scaled.jpg 2048w" sizes="(max-width: 820px) 100vw, 820px" /><figcaption class="wp-element-caption">FILE PHOTO: Woman holds U.S. dollar banknotes in front of Euro banknotes in this illustration taken May 30, 2022. REUTERS/Dado Ruvic/Illustration/File Photo</figcaption></figure>



<p>April 28 (Reuters) &#8211; Investors put their cash in the relative safety of global money market funds in the seven days to April 26, on worries over a slowdown in global economic activity with the recent decline in U.S. companies&#8217; quarterly earnings feeding pessimism.</p>



<p>Data from Refinitiv Lipper showed investors purchased a net $42.68 billion worth of money market funds in the week to April 26, taking the cumulative inflows for the year to a massive $427.4 billion.</p>



<p>U.S. and European money market funds obtained $47.72 billion and $1.89 billion worth of inflows, respectively, during the week. But Asia funds suffered about $90 million worth of outflows.</p>



<p>Investors have sought out U.S. money market funds avidly this year on worries over a recession and concerns about the safety of uninsured bank deposits after the failure of two regional banks, including Silicon Valley Bank. In turn, money has been pulled from global equity funds, considered more exposed.</p>



<p>Among money market funds, Morgan Stanley Institutional Liquid Government securities fund, State Street US Government Money Market Fund and Invesco Government &amp; Agency Portfolio Fund led inflows during the week, receiving $12.15 billion, $8.1 billion and $4.6 billion, respectively.</p>



<p>Meanwhile, global equity funds saw $8.89 billion worth of net selling, the biggest weekly outflow in four weeks, undermined by lacklustre first-quarter results.</p>



<p>Investors sold tech and healthcare funds of $860 million and $441 million, respectively, while financials obtained a third weekly inflow worth $489 million.</p>



<p>Earnings from a wide range of companies, including 3M Co , General Motors Co, PepsiCo Inc, United Parcel Service Inc and McDonald&#8217;s Inc, provided a mixed picture of corporate profit and outlook.</p>



<p>Meanwhile, global bond funds drew $3.57 billion in inflows compared with net purchases of $124 million the previous week.</p>



<p>Government bond funds saw purchases of $3.15 billion after $1.68 billion worth of net selling in the previous week. Investors withdrew $407 million from short- and mid-term bond funds after three straight weeks of net buying.</p>



<p>Among commodities, precious metal funds obtained $656 million in their biggest weekly inflow in three weeks, while energy funds saw about $6 million worth of net buying after three weeks of net selling in a row.</p>



<p>Data for 23,940 emerging market funds showed investors sold $230 million worth of equity funds after four consecutive weeks of net buying. They also exited $130 million worth of bond funds.</p>



<p>(Reporting by Gaurav Dogra and Patturaja Murugaboopathy in Bengaluru;Editing by Elaine Hardcastle)</p>


FILE PHOTO: Illustration shows U.S. dollars and Euro banknotes

Global money market funds see big inflows in the week to April 26

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<p>Nigeria&#8217;s economy has technically exited the recession as the economy grew by 0.11 per cent in the fourth quarter of the year. However, cumulatively in 2020, the economy contracted by 1.92 per cent. Tunde Adama, Head of Trading at Citi Nigeria joins CNBC Africa for more.</p>


Nigeria exits recession as economy grows 0.11% in Q4

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<p>Last week saw mixed trading at Nigeria’s fixed income and forex markets. As we continue to monitor market activities, Dipo Ajayi, Head of Fixed income and Forex at Chapel Hill Denham joins CNBC Africa for a focus on Nigeria’s money market.</p>


All eyes on Nigeria’s Forex & fixed income market ahead of MPC

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<p>Trader says trading activities in Nigeria’s T-bills secondary market did not commence the week on an active note, though bearish sentiments prevailed overall for profit-taking reasons. Emmanuel Mordi, Currency Trader at United Bank for Africa (UBA) joins CNBC Africa for a focus on Nigeria’s money market.</p>


T-bills bearish on profit taking: A look at Nigerian markets

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<p>Nigeria’s President, Muhammadu Buhari re-sent the 2016-2018 external borrowing plan to the National Assembly for consideration and approval. President Buhari is requesting the approval to borrow $29.96 billion. Bankole Odusanya, Head of Fixed Income Trading at United Bank for Africa (UBA) joins CNBC Africa for a focus on Nigeria’s money market.</p>


Assessing Nigeria’s external borrowing plan: Nigeria’s money market

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<p>Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele says corporate bodies in the country should take advantage of the Presidential Order 7 to raise infrastructure bonds at concessionary rates. Nnamdi Nwizu, Co-Managing Partner at Comercio Partners joins CNBC Africa for a focus on Nigeria’s money market.</p>


CBN: Corporates should take advantage of infrastructure bonds

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<p>Barrick Gold Corporation announced it will resume agreeing to pay $300 million to the government to end a long running tax dispute. Also the Dar es Salaam Stock Exchange third quarter turnover jumped more than 20 times higher compared with that of the previous quarter. Alpha Marwa, Managing Partner, Vervet Global Tanzania joins CNBC Africa for the country&#8217;s money market review.</p>


Barrick Gold Corporation to resume operations in TZ after settling $300mn dispute

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<p>The Central Bank of Nigeria offered N350 billion in an Open Market Operations (OMO) auction today. As we await the results of today&#8217;s OMO auction in Nigeria’s money market, Emmanuel Odiaka, Fixed Income and Forex Analyst joins CNBC Africa for more.</p>


Yields likely to drop as OMO moves higher in Nigeria’s money markets

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<p>Traders expect the Central Bank of Nigeria (CBN) to conduct an Open Market Operations (OMO) Auction this week due to anticipated inflows. To discuss this and for a focus on Nigeria’s money market, Nnamdi Nwizu, Co-Managing Partner at Comercio Partners joins CNBC Africa.</p>


Bond maturity worth N233.9bn expected this week

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<p>For a wrap of this week trading session at Nigeria’s money market, Deinma Iyagba, Currency Trader at UBA joins CNBC Africa.</p>


Bond returns & Fx markets: Nigerian market watch

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<p>Traders say they expect rates to be at elevated levels, as Nigeria’s money market anticipates the bi-weekly FX auctions today. From the banking hall for more on this, Olugbenga Sonaike, Fixed Income Trader at Access Bank joins CNBC Africa.</p>


What to expect ahead of bi-weekly FX auction: An analysis of Nigeria markets

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<p>The Central Bank of Nigeria (CBN) has offered N110bn across three tenors in an OMO Auction today. For a focus on Nigeria’s money market, Fixed Income Analyst at Axa Mansard, Great-David Oluwasipe joins CNBC Africa.</p>


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<p>The Central Bank of Nigeria (CBN) rolled over N134 billion worth of maturing Treasury Bills at the Primary Market Auction today. To discuss this and expectations for Nigeria’s money market for the week, Fixed Income Trader at UBA, Chuka Nwanchukwu joins CNBC Africa for more.</p>


More bearish sentiment anticipated on the Nigerian bourse

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<p>The Central Bank of Nigeria (CBN) had earlier this year set today as deadline for banks in the country to meet the 60 per cent loan-to-deposit ratio set by the Apex Bank. To discuss this and for an outlook on Nigeria’s money market in the fourth quarter of the year, Victor Aluyi, Head of Portfolio Management at Comercio Partners joins CNBC Africa for more.</p>


CBN’s deadline for new lending policy ends today: A look at Nigeria’s money market

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<p>Money market traders in Nigeria expect banks to bid in excess of $300 million in today’s Retail SMIS Auction. To discuss this and more, Biyi Ogundepo, Head of Treasury Coverage at Access Bank joins CNBC Africa for more.</p>


Access Bank: Banks to bid in excess of $300mn in Retail SMIS Auction

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<p>The Central Bank of Nigeria (CBN) offered N250 billion worth of Treasury Bills for subscription today. For a focus on Nigeria’s money market, Tunde Adama, Head of Trading at CITI Nigeria joins CNBC Africa for more.</p>


Investor sentiment remains strong for longer-dated bonds: A review of Nigerian markets

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<p>Traders say liquidity in Nigeria’s money market improved on Thursday on the back of an Open Market Operation (OMO) maturity inflow of about N396 bn. For a review of the trading session at Nigeria’s fixed income and Forex market Constance Onyia, Fixed Income Dealer at Access Bank joins CNBC Africa for more.</p>


money market

Global money market funds see big inflows in the week to April 26

Nigeria exits recession as economy grows 0.11% in Q4

All eyes on Nigeria’s Forex & fixed income market ahead of MPC

T-bills bearish on profit taking: A look at Nigerian markets

Assessing Nigeria’s external borrowing plan: Nigeria’s money market

CBN: Corporates should take advantage of infrastructure bonds

Barrick Gold Corporation to resume operations in TZ after settling $300mn dispute

Yields likely to drop as OMO moves higher in Nigeria’s money markets

Bond maturity worth N233.9bn expected this week

Bond returns & Fx markets: Nigerian market watch

What to expect ahead of bi-weekly FX auction: An analysis of Nigeria markets

Bullish sentiments, another year of deficits expected: A look at Nigeria’s markets

More bearish sentiment anticipated on the Nigerian bourse

CBN’s deadline for new lending policy ends today: A look at Nigeria’s money market

Access Bank: Banks to bid in excess of $300mn in Retail SMIS Auction

Investor sentiment remains strong for longer-dated bonds: A review of Nigerian markets

Liquidity improves in Nigeria’s money market

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money market

Global money market funds see big inflows in the week to April 26

Nigeria exits recession as economy grows 0.11% in Q4

All eyes on Nigeria’s Forex & fixed income market ahead of MPC

T-bills bearish on profit taking: A look at Nigerian markets

Assessing Nigeria’s external borrowing plan: Nigeria’s money market

CBN: Corporates should take advantage of infrastructure bonds

Barrick Gold Corporation to resume operations in TZ after settling $300mn dispute

Yields likely to drop as OMO moves higher in Nigeria’s money markets

Bond maturity worth N233.9bn expected this week

Bond returns & Fx markets: Nigerian market watch

What to expect ahead of bi-weekly FX auction: An analysis of Nigeria markets

Bullish sentiments, another year of deficits expected: A look at Nigeria’s markets

More bearish sentiment anticipated on the Nigerian bourse

CBN’s deadline for new lending policy ends today: A look at Nigeria’s money market

Access Bank: Banks to bid in excess of $300mn in Retail SMIS Auction

Investor sentiment remains strong for longer-dated bonds: A review of Nigerian markets

Liquidity improves in Nigeria’s money market

News Tips

Advertise With Us

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