U.S. money market assets decreased in latest week: iMoneyNet

NEW YORK, May 13 (Reuters) – U.S. money market fund assets decreased by $8.32 billion to $2.621 trillion in the week ended May 12, the Money Fund Report said on Wednesday.

Taxable money market fund assets decreased by $6.99 billion to $2.376 trillion, while tax-free assets decreased by $1.32 billion to $244.52 billion, according to the report, published by iMoneyNet.

The iMoneyNet Money Fund Average 7-Day Simple Yield for All Taxable money-market funds was 0.02 percent for a 16th consecutive week. The iMoneyNet Money Fund Average 7-Day Simple Yield for All Tax-Free and Municipal money-market funds remained at 0.01 percent for a 106th straight week.

Free newsletter signup
Never miss another Bankless Times news story as we send you hand-picked articles every morning
We hate spam. Your email address will not be sold or shared with anyone else. You will only receive our daily newsletter. You can unsubscribe at any time.

Leave A Comment

You must be logged in to post a comment.