Hefty outflows from tax-exempt money market funds continued for the second week, as $3.77 billion bled out and total net assets sank to $276.92 billion in the week ended April 23, according to the Money Fund Report, a service of iMoneyNet.com.

Tax-exempt funds last week saw the loss of $3.24 billion in cash, which brought a swift end to the modest short-lived inflows of two week ago and left total net assets at $280.68 billion.

Subscribe Now

Independent and authoritative analysis and perspective for the bond buying industry.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.