Tax-exempt money market funds increased by $1.10 billion and saw their total net assets rise to $289.85 billion for the week ended March 5, according to the Money Fund Report, a service of iMoneyNet.com.

The inflows come on the heels of last week’s $1.93 billion of outflows, which caused assets to dip to $288.74 billion.

The average seven-day simple yield for the 454 reporting funds remained at 0.01% for the 27th straight week, while the average maturity remained at 28 days.

Taxable money funds, meanwhile, experienced $14.71 billion of outflows in the week ended March 6 and assets settled at $2.33 trillion. The outflows nearly wiped out all of the $15.18 billion of inflows the funds took in last week as net assets rose to $2.35 trillion.

The seven-day yield for the 1,107 taxable reporting funds this week remained at 0.03% for the fifth week in a row, while the average maturity increased by one day to 46.

Overall, the combined assets of the 1,561 reporting money funds declined by $13.61 billion to $2.62 trillion in the week ended March 6. That followed a week in which assets finished with $2.64 trillion after inflows of $13.25 billion in new cash.

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