Tax-free money market funds are back in positive territory this week after regaining nearly all of what they lost last week.

A total of $1.70 billion found its way back into the market as total net assets settled at $296.96 billion for the week ended Sept. 5, according to the Money Fund Report, a service of

The week before, the funds lost $1.72 billion and dropped to $295.25 billion, following $1.61 billion of outflows that shrunk money funds to $296.97 billion in the week ended Aug. 22.

The average seven-day simple yield for the 475 tax-exempt reporting funds fell one basis point to 0.01% from last week, while the average maturity increased by two days to 32 days.

On the taxable side, the 1,119 reporting money funds lost $11.90 billion and settled with $2.320 trillion for the week ended Sept. 6 — a reversal of last week’s $15.91 billion of inflows that boosted assets to $2.331 trillion.

The seven-day yield for the taxable funds remained at 0.02% for the sixth week in a row, while the average maturity was unchanged at 39 days.

Overall, the combined assets of the 1,694 reporting money market funds declined by $10.20 billion and total net assets dipped to $2.617 trillion in the week ended Sept. 6. That was a turnaround from the $14.19 billion of inflows and $2.626 trillion of assets in the week ended Aug. 30.

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