A week after posting the fourth heaviest outflows of the year, tax-exempt money market funds declined by $4.48 billion and finished the week of July 20 with total net assets of $450.32 billion, according to the Money Fund Report, a service of iMoneyNet.com.

Last week, the funds lost $5.15 billion and settled at $454.79 billion for the week ending July 13, the largest outflow activity since April, according to iMoneyNet. The two-week outflow period came on the heels of the first inflows in a month as investors poured $3.83 billion into tax-exempt money funds during the week ending July 6.

Subscribe Now

Independent and authoritative analysis and perspective for the bond buying industry.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.