The tax-exempt money market sector saw a moderate decrease in cash in the week ended
It was the second week of outflows that contrasted a positive start to June. Last week, the funds lost
The average seven-day simple yield for the 442 reporting tax-exempt funds remained at 0.01% for the third week straight, while the average maturity increased by one day to 28 days compared to last week.
The 1,084 taxable money market funds, meanwhile, lost
In the previous week, the funds gained a modest
The average seven-day simple yield for the taxable funds remained unchanged at 0.03% for the 20th consecutive week, while the average maturity increased to 46 days from 45 last week.
Overall, the combined assets of the 1,526 reporting money funds fell by
That compares to last week, when the reporting funds dipped by
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