​ Money market mutual funds set a second consecutive weekly record, breaking above $​2.​4 trillion for the first time ever, according to ICI statistics. Assets increased by $​25.​7 billion to $​2.​42 trillion. Institutional assets rose by $​18.​9 billion to $$​1.​43 trillion while Retail assets rose by $​6.​8 billion to $​993.​8 billion. After losing $​26 billion in January, money fund assets have surged by $​64 billion in February month-​to-​date. Funds are seeing flight-​to-​quality money due to sub-​prime mortgage defaults.

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