Tax-exempt money market funds posted $2.08 billion of outflows, reducing total net assets to $268.04 billion in the week ended Feb. 17, according to The Money Fund Report, a service of iMoneyNet.com.
The outflows erased the previous week's inflows of $1.25 billion.
The average, seven-day yield for the 420 weekly reporting tax-exempt money funds was unchanged at 0.01%, while the average maturity was steady at 33 days.
Weekly reporting taxable money funds had outflows of $41.11 billion in the week ended Feb. 18 as total net assets settled at $2.415 trillion, after $9.94 billion of inflows the week before.
The average, seven-day yield for the taxable funds was firm at 0.01%, while the average maturity decreased by one day to 47 days compared to last week.
Total net assets of the 1,435 weekly reporting tax-exempt and taxable money funds fell by $43.19 billion -- the largest reported reduction in combined assets since mid-October. Assets settled at $2.683 trillion in the week ended Feb. 18. The week before, the tax-exempt and taxable funds reported $11.19 billion of inflows.
