After pulling in $2.98 billion last week, tax-exempt money market funds lost $1.84 billion and settled with $307.71 billion in total net assets for the week ended June 13, according to the Money Fund Report, a service of iMoneyNet.com.

In contrast, last week nearly $3 billion of inflows boosted assets to $309.54 billion. The average, seven-day simple yield for the 477 tax-exempt funds in the ­report remained at 0.02% for the fifth consecutive week, while the average maturity increased to 24 days from 23 days.

Total net assets of the 1,136 taxable funds, meanwhile, declined by $10.36 billion to $2.398 trillion in the week ended June 14, reversing the hefty inflows of $12.98 billion in the week ended June 7 ,  which raised total assets to $2.408 trillion.

The average, seven-day simple yield for the taxable funds was unchanged again at 0.02% for the 11th week straight, while the average maturity remained at 44 days.

Overall, the combined assets of the 1,613 money funds fell by $12.20 billion and ended with $2.706 trillion in the week ended June 14. That represented a major turnaround from the previous week, which saw funds take in $15.89 billion  and end with $2.718 trillion, according to the report.

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