Tax-exempt money market funds lost $2.03 billion — nearly half of the unusually high bounty they amassed last week — as total net assets dipped to $272.67 billion in the week ended July 16, according to The Money Fund Report, a service of

The activity paled in comparison to last week, which turned out to be the second largest positive flows since January and a stunning reversal of recent patterns. The funds reeled in $4.64 billion, exceeded only by the raking in of $5.78 billion in the week ended Jan. 9, which was also the largest one-week activity for the year to date.

Subscribe Now

Independent and authoritative analysis and perspective for the bond buying industry.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.