Tax-exempt money market funds saw outflows of $2.72 billion as total net assets decreased to $284.58 billion in the week ended March 26, according to the Money Fund Report, a service of iMoneyNet.com.

Last week the funds lost $683.4 million and settled with total net assets of $287.30 billion.

The average, seven-day simple yield for the 445 tax-exempt reporting funds remained at 0.1% for the 30th consecutive week, while the average maturity was unchanged at 28 days.

The 1,094 taxable reporting funds lost $7.05 billion and total net assets declined to $2.301 trillion in the week ended March 27.

Though cash again flowed out of the taxable money market funds, it was significantly less than the previous week, when the funds lost a whopping $27.20 billion and total net assets fell to $2.308 trillion.

The seven-day yield for the taxable funds remained at 0.03% for the eighth straight week, while the average maturity remained at 46 days.

Overall, the combined assets of the 1,539 reporting money funds dipped by $9.77 billion to $2.585 trillion in the week ended March 27.

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