Assets of tax-exempt money market funds declined by $2.93 billion and ended at $414.96 billion for the week ending Oct. 26, according to the Money Fund Report, a service of iMoneyNet.com.

The average, seven-day simple yield for the 505 tax-exempt funds in the report this week held at 0.05% for the third week in a row, equaling an all-time low first set on Sept. 14. The average maturity remained unchanged at 32 days.

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