Tax-exempt municipal money market funds double-downed on outflows as a whopping $4.70 billion poured out in the week ended April 18 and total net assets fell to $312.10 billion, according to the Money Fund Report, a service of iMoneyNet.com.

The previous week saw $2.25 billion of tax-exempts flee money funds in the week ended April 11, leaving assets at $316.80 billion.

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