Tax-exempt money market funds generated $1.98 billion of inflows as total net assets grew to $270.62 billion in the week ended March 10, according to The Money Fund Report, a service of iMoneyNet.com.
The new cash follows last week's outflows of $683.2 million.
The average seven-day yield for the 420 weekly reporting tax-exempt money funds remained at 0.01%, while the average maturity increased to 31 days from 30 days the week before.
Total net assets of the 1,016 weekly reporting taxable money market funds crept up by $229.1 million, ending at $2.422 trillion in the week ended March 11 after declining $2.26 billion the previous week.
The average, seven-day yield for the taxable funds was unchanged at 0.01%, while the average maturity increased by two days 48 days versus last week.
The combined total net assets of the 1,436 weekly reporting money funds increased by $2.21 billion to $2.693 trillion in the week ended March 11. In the previous week $2.94 billion exited the funds.
