Tax-exempt funds recouped nearly half of the losses they suffered last week as $1.87 billion of inflows boosted total net assets to $354.79 billion for the week ending June 7, according to the Money Fund Report, a service of

The inflows come on the heels of $3.91 billion of outflows that saw total assets settle at $352.92 billion for the week ending May 31.

This week’s average, seven-day, simple yield for the 494 tax-exempt reporting funds remained at 0.04% a fourth consecutive week, while the average maturity was also unchanged at 23 days.

The 1,172 taxable funds saw their assets increase $9.21 billion to $2.454 trillion for the week ending June 8. The previous week, $20.93 billion poured out of the funds, leaving total assets at $2.444 trillion.

The average, seven-day simple yield for the taxable money funds rose by one basis point to 0.04% this week after seven consecutive weeks at 0.03%.

The combined 1,666 funds in the report this week regained nearly half of their losses from last week as inflows of $11.08 billion raised total assets to $2.809 trillion. That followed a decline of $24.84 billion to $2.798 trillion the previous week.

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