The S&P 500 bank index, after closing down more than 22% for the month-to-date on Friday, March 24, finishes up 3% on Monday, March 27.
for larger institutions or to money market funds. Flows to such funds have risen by more than $300 billion in the past month to a record above $5.1 trillion, according to Bank of America, citing figures from EPFR data provider.
Brad Bechtel, global head of FX at Jefferies, described a “state of anxious calm” since there were no new emergencies over the weekend.
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