Recent data from the Investment Company Institute indicates that as of mid-June, there's a record $6.12 trillion in cash sitting in money market funds. Some cash instruments are yielding in the neighborhood of 5%.
Passive investing, while enormously popular with investors for decades, met its match in active bond funds in the last 10 years. A new study from Eaton Vance found that actively managed bond funds consistently outperformed their passive peers in the last decade.