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Total money market fund assets (broad)

What it is

Total money market fund assets (broad) — registry key mmf_total_q_bn.

Total money market fund financial assets (FRED MMMFFAQ027S, Z.1, quarterly) - the BROAD measure (~$8.36T), the headline cash-on-the-sidelines number the retail WRMFSL series understates. long-end supply-stress carrier, Phase 3B of improvements/long-end-stress.md; scoring deferred to a pre-registered study.

Data-pyramid tier

T0 — Raw input. This metric sits at the raw input layer of the platform’s six-tier data pyramid (T0 raw inputs → T5 actionable read). The tier reflects how far the value is from a raw measurement — not how strongly it is validated. Abstraction and validation are separate axes: a higher tier is not a claim of stronger evidence.

Horizon & validation

No validated skill horizon is on file for this metric — read it as context / a data carrier, not a validated edge. Stamps are added only when a gated research verdict lands.

Source

Source module: debt_holders
Data source: back_fillable

Fetched directly from app/sources/debt_holders.py; see source code for the upstream API call and any provider-specific handling.

How it’s computed

Latest value of the macro_series mmf_total_q_bn series (FRED MMMFFAQ027S, millions native / 1000 -> billions), rounded to 1dp. The broad total; retail (mmf_retail_bn) is narrower. data_only carrier. See app/sources/debt_holders.py.

Where it surfaces

• API field: debt_holders.mmf_total_q_bn on GET /api/v1/signals/latest
• Surface: daily_signals row (daily-cadence persistence)
• Surface: /signals/sparklines (UI sparklines)

Health-score / alignment role

Data carrier — no implication, no health-score contribution.

Persisted for downstream consumers (sparklines, base-rate matcher, calibration substrate) but does not classify into BULLISH / NEUTRAL / BEARISH and does not contribute to the 0-100 health score.

Release cadence

• Publishes: quarterly
• Lag days: 1

FRED MMMFFAQ027S total MMF assets, quarterly (Z.1), ~10-11wk lag.