After generating historic inflows last week, tax-exempt money market fund flows returned to negative territory as they lost $1.94 billion and total net assets settled at $256.82 billion in the week ending July 14, according to The Money Fund Report, a service of iMoneyNet.com.
The funds raked in $6.22 billion of new cash last week, the most since the week ended Jan. 5, 2009, when they attracted $8.23 billion.
The average, seven-day simple yield for the 418 weekly reporting tax-exempt money funds was unchanged at 0.01% while the average maturity increased by one day to 35 days compared to the prior week.
The total net assets of the 1,011 weekly reporting taxable money market funds decreased by $8.58 billion in the week ended July 15 to $2.33 trillion, after gaining $6.44 billion in the prior week.
The average, seven-day simple yield for the taxable money funds held steady at 0.01% while the average maturity remained at 44 days.
The combined total net assets for the 1,429 weekly reporting money funds fell for the first time in a month as they reported losses of $10.52 billion in the week ended July 15 - which is also the deadline for filing corporate income taxes - and settled at $2.593 trillion.
Last week's inflows of $12.66 billion was triple the inflows of the prior week.
