Tax-exempt money market funds managed to reverse last week's outflows — but not by much — as they saw modest inflows of $600.6 million and total net assets inched up to $283.93 billion in the week ended April 9, according to the Money Fund Report, a service of

In the previous week, assets fell to $283.33 billion as $1.25 billion exited the market. That came on the heels of $2.72 billion of outflows in the week ended March 26 when assets settled at $284.58 billion.

The average, seven-day simple yield for the 445 reporting tax-exempt funds this week increased to 0.02% after spending 31 consecutive weeks at 0.01%.

The average maturity, meanwhile, increased one day to 28 days.

In the taxable market, the 1,092 reporting money funds saw $2.75 billion flee in the week ended April 10, as total net assets fell to $2.28 trillion. That pales in comparison to the $18.29 billion that escaped in the previous week leaving assets at $2.282 trillion.

The seven-day yield for the taxable funds remained unchanged at 0.03% for the 10th week straight, while the average maturity dipped one day to 45 days.

Overall, the combined assets of the 1,537 reporting money market funds fell by $2.15 billion and settled at $2.563 trillion in the week ended April 10. That followed a week in which total net assets declined by $19.54 billion and ended with $2.565 trillion.

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