Tax-exempt money market funds increased total net assets by $1.58 billion to $270.38 billion in the week ended April 7, reversing recent weeks' outflows, according to The Money Fund Report, a service of iMoneyNet.com.
The inflows more than made up for last week's outflows of $1.48 billion.
The average, seven-day simple yield for the 420 weekly reporting tax-exempt money funds was again unchanged at 0.01%, while the average maturity also remained at 31 days.
The total net assets of the 1,016 weekly reporting taxable money market funds rose by $682.5 million to $2.371 trillion in the week ended April 8, up from outflows of $27.37 billion the week before.
The average, seven day simple yield for the taxable funds remained steady at 0.01%, while the average maturity decreased by one day to 46 days.
The combined 1,436 weekly reporting money funds posted gains of $2.26 billion in the week ended April 8 as total net assets rose to $2.641 trillion, following last week's outflows of $28.85 billion.
