NEW YORK - Tax-exempt money market fund assets fell by $1.25 billion and settled with $283.33 billion in the week ended April 2, according to The Money Fund Report, a service of iMoneyNet.com.
In the prior week by comparison, the funds lost $2.72 billion and ended with $284.58 billion in total net assets.
The average, seven-day simple yield for the 445 tax-exempt funds remained at 0.01% for the 31st week straight, while the average maturity dipped one day to 27 days.
In the taxable market, meanwhile, total net assets fell by $18.29 billion to $2.282 trillion in the week ended April 3. That compares to the prior week when the funds lost $7.05 billion and total net assets fell to $2.301 trillion.
The average, seven-day simple yield for the 1,093 taxable funds remained at 0.03% for the ninth consecutive week, while the average maturity remained unchanged at 46 days.
Overall, the combined assets of the 1,538 money funds reporting fell by $19.54 billion and closed with $$2.566 trillion in the week ended April 3. That compares to the previous week when the funds dipped by $9.77 billion and ended the week with total net assets of $2.585 trillion.