After three weeks of heavy outflows, tax-exempt money market funds gained a modest $1.29 billion in the week ended May 5, as total net assets rose to $258.91 billion, according to The Money Fund Report, a service of iMoneyNet.com.
The new cash comes after the loss of $3.48 billion last week, $5.62 billion in the week ended April 21 - which was the largest decline in assets in a year - and $3.67 billion of outflows in the week ended April 14.
The last time the funds reported new cash was when $1.58 billion arrived in the week ended April 7.
The average seven day simple yield for the 420 weekly reporting tax-exempt money funds was steady at 0.01%, while the average maturity was unchanged at 30 days.
Taxable money market funds reported inflows of $22.50 billion, up from $10.75 billion last week, as total net assets increased to $2.376 trillion in the week ended May 6.
The average, seven-day simple yield for the 1,017 weekly reporting taxable money funds was unchanged at 0.01%, while the average maturity remained at 44 days.
The total net assets of the 1,437 weekly reporting money funds grew by $23.79 billion to $2.635 billion in the week ended May 6, which was more than three times last week's inflows of $7.27 billion.
