(Reuters) – U.S. Money Market Funds Attracted Large Inflows in Week to March 30. Investors flocked to safe assets because they were concerned that Federal Reserve’s aggressive stance in tackling inflation would send the economy into a depression.

Refinitiv Lipper data revealed that U.S. investors bought money market funds worth $30.88 trillion in their first weekly net purchase since March 2.

For a related graphic on Fund flows: U.S. equities, bonds and money market funds, click https://tmsnrt.rs/3IXOw9M

As the Fed expressed its desire to increase inflation control, the U.S. Treasury 2 year/10 year Treasury index was inverted Tuesday.

Commonly, economic recession is seen in the 10-year yields dropping below 2 year rates.

Investor caution grew, and U.S. equity fund outflows totaled $1.58 Billion during the week. This is compared to $13.89 Billion inflows the previous week.

U.S. investors sold value funds valued at $5.63 trillion in the largest weekly net sale since mid-Oct. While growth funds faced withdrawals totaling $557 million.

For a related grapic on Fund flows: US growth and value funds, click https://tmsnrt.rs/36MDYgG

U.S. Sector funds received $345 million each in inflows from tech and industrials respectively. However, real estate funds saw outflows of $256 million.

For a related graphic on Fund flows: US equity sector funds, click https://tmsnrt.rs/3Dw8qaJ

Investors also sold U.S. Bond funds 12 times in a row, pulling out net $3.86billion, up from $1.16billion the week before.

For the seventh week straight, U.S. Municipal Bond Funds were sold by investors for $2.24 Billion. The outflows in taxable bonds also reached $1.71 billion, after the inflow in week previous.

U.S. intermediate and short-term investment-grade funds experienced outflows that soared to an unprecedented $3.74 billion in three weeks.

In the meantime, U.S. high-yield bond funds were able to buy $1.04 Billion in net purchases for their fourth weekly week. Lender participation and inflation-linked funds both attracted inflows of $815 million, respectively.

For a related graphic on Fund flows: US bond funds, click https://tmsnrt.rs/3J0gaTz