Tax-exempt money market funds retrieved some of the losses they suffered last week, as $1.47 billion of new cash flowed in and total net assets rose to $274.26 billion in the week ended May 21, according to the Money Fund Report, a service of iMoneyNet.com.

Last week, the funds lost $2.17 billion — the first outflows in nearly a month — as total net assets fell to $272.79 billion.

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