Tax-exempt money market funds lost $2.29 billion as total net assets settled at $269.29 billion in the week ended Jan. 27, according to The Money Fund Report, a service of iMoneyNet.com.
The outflows follows a $657.6 million outflow the previous week, when total net assets ended at $271.58 billion.
The average, seven-day yield for the 420 weekly reporting money market funds remained at 0.01%, while the average maturity declined by two days to 33 days compared to last week.
Taxable money market funds, meanwhile, declined by $4.66 billion in the week ended Jan. 28, as total net assets finished at $2.444 trillion, which pales in comparison to the previous week when $31.02 billion of inflows boosted total net assets to $2.449 trillion.
The average, seven-day yield for the 1,015 weekly reporting taxable money funds were unchanged at 0.01%, while the average maturity remained unchanged at 47 days.
The combined total net assets of the 1,435 weekly reporting money funds dropped $6.95 billion
In the week ended Jan. 28 to $2.713 trillion. In the previous week total net assets increased to $2.720 trillion with the addition of $30.36 billion of new cash.
