Outflows from tax-exempt money market funds decreased to $66 million in the week ended July 21, as total net assets settled at $256.75 billion, according to The Money Fund Report, a service of iMoneyNet.com.
The weekly loss slowed from $1.94 billion last week, The industry had raked in $6.22 billion in new cash in the week ended July 7, the most in five years.
The average, seven-day yield for the 418 weekly reporting tax-exempt money market funds was steady at 0.01%, while the average maturity remained at 35 days.
The total net assets of the weekly reporting 1,010 taxable funds dropped by $5.95 billion to $2.330 trillion in the week ended July 22, down from $8.58 billion in the previous week.
The average, seven-day yield was unchanged at 0.01%, while the average maturity remained at 44 days.
The combined total net assets of the weekly reporting 1,428 money market funds settled at $2.587 trillion in the week ended July 22 after outflows of $6.01 billion, which is down from losses of $10.52 billion the week before.
