• US Domestic Deposits Tumble $60BN As Small Bank Loan Volumes Shrank Most Since SVB

    US Domestic Deposits Tumble $60BN As Small Bank Loan Volumes Shrank Most Since SVB Money-market funds saw a small outflow last week (surprisingly small given how close to Tax-Day we are), leaving them still near record highs over $6 Trillion (and the trend of increased deposits at banks has been accelerating) Source: Bloomberg Interestingly, amid all the talk of tapering QT, The Fed balance sheet was basically unchanged last week (-$1.4BN) Source: Bloomberg as The Fed's (now...