Wall Street Buys More T-Bills, Parks Less at Fed

The central bank’s reverse repo falls below $2 trillion for first time in more than a year

WSJ explains why bonds can still be a good investment despite Silicon Valley Bank’s collapse. Illustration: MacKenzie Coffman

Money-market funds are placing less cash in a Federal Reserve borrowing program, a sign that efforts to replenish government coffers after the debt-ceiling fight haven’t disrupted markets. 

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