After amassing more than $3 billion last week, tax-exempt money market funds stayed in postitive territory -- albeit only by $260.5 million in the week ended Nov. 26 as total net assets settled at $272.04 billion, according to The Money Fund Report, a service of iMoneyNet.com.
Before the financial crisis of 2008-09, it would have been significant news if yields on municipal bonds had exceeded those on Treasury securities at any maturity, and that occurrence likely would have attracted a variety of investors seeking to take advantage of the relative-value opportunity.
the bond buyer conferences
September 25-27, 2013JW Marriott LA Live, Los Angeles, CA
October 27-29, 2013Crowne Plaza Times Square Manhattan, New York, NY