Outflows from tax-exempt money market funds slowed to $692.4 million in the week ended June 2, as total net assets fell to $256.41 billion, according to The Money Fund Report, a service of iMoneyNet.com.
The decline follows the exit of $1.54 billion the week before.
The average, seven-day yield for the 420 weekly reporting tax-exempt money funds remained unchanged at 0.01%, while the average maturity decreased by one day to 28 days compared to last week.
Taxable money market funds reported outflows of $11.07 billion as total net assets declined to $2.355 trillion, after last week's exit of $2.96 billion.
The average, seven day yield for the taxable money funds was unchanged at 0.01%, while the average maturity remained at 43 days.
The combined total net assets of the 1,437 weekly reporting money funds decreased by $11.77 billion to $2.611 trillion in the week ended June 3, after losses of $4.49 billion in the prior week.
