On the heels of a historic decline in the money market funds overall last week, tax-exempt funds stemmed their own losses to nearly half of last week’s outflows. Approximately $2.03 billion fled the market and total assets closed at $370.07 billion during the week ending March 22, according to the Money Fund Report, a service of iMoneyNet.com.

Last week, the funds saw outflows of $4.93 billion and ended with $372.11 billion in total assets.

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