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U.S. Money Market Fund Assets Growth

(2019–2025)

U.S. money market fund assets more than doubled from $3.48 trillion in March 2019 to $7.40 trillion in March 2025.

• Mar 31, 2019: $3.48T

• Dec 31, 2019: $4.00T

• Mar 31, 2020: $4.73T

• Dec 31, 2021: $5.21T

• Dec 31, 2022: $5.22T

• Mar 31, 2023: $5.69T

• Mar 31, 2024: $6.44T

• Mar 31, 2025: $7.40T

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Forgive my ignorance. Money markets is cash? Or bonds?

Very short term bonds (like overnight). Its essentially cash but with a very small yield.

Gotcha. Thanks!