Tax-exempt money market funds' outflows resumed as $139.5 million trickled out of the funds and total net assets dipped to $270.48 billion in the week ended March 17, according to The Money Fund Report, a service of iMoneyNet.com.
The outflows follow $1.98 billion inflow the week before.
The average seven-day yield for the 420 weekly reporting tax-exempt funds was unchanged at 0.01%, while the average maturity increased by one day to 32 days.
The total net assets of the 1,015 weekly reporting taxable funds settled at $2.401 trillion after the exit of $21.02 billion in the week ended March 18. In the previous week the funds gained $229.1 million.
The average seven day yield of the taxable funds remained at 0.01%, while the average maturity declined by one day to 47 days the week before.
The combined total net assets of the 1,435 weekly reporting money market funds fell $21.16 billion to $2.672 trillion. The funds added $2.21 billion the previous week.
