Inflows of $1.25 billion into tax-exempt money market funds boosted total net assets to $270.12 billion in the week ended Feb. 10, according to The Money Fund Report, a service of iMoneyNet.com.
The new cash reverses an outflow the previous week, when $426.6 million trickled out of the funds. The funds had sustained outflows of $2.29 billion and total net assets slid to $269.29 billion in the week ended Jan. 27.
The average, seven day simple yield for the 420 weekly reporting tax-exempt money funds was unchanged at 0.01%, while the average maturity remained at 33 days.
The total net assets of the 1,015 weekly reporting taxable money market funds grew by $9.94 billion to $2.456 trillion in the week ended Feb. 11. The week before taxable funds gained $1.77 billion and total net assets grew to $2.446 trillion.
The average, seven-day yield for the taxable funds was unchanged at 0.01%, while the average maturity increased to 48 days from 47.
The combined total net assets of the 1,435 reporting money funds increased by $11.19 billion in the week ended Feb. 11 as total net assets rose to $2.726 trillion. Total net assets settled at $2.715 trillion after inflows of $1.34 billion the previous week.
