Tax-exempt money market funds remained in negative territory again this week as total assets declined by $646.9 million to $467.92 billion for the week ending May 4, according to the Money Fund Report, a service of

Even though there was a decline, it was a great deal less than last week, when tax-exempt funds saw outflows totaling $5.94 billion and settled at $468.57 billion the week ending April 27.

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