Tax-exempt money market funds generated new cash as $1.50 billion of inflows boosted total net assets to $269.91 billion in the week ended Oct. 8, according to The Money Fund Report, a service of iMoneyNet.com.

It was the second week in a row that the funds experienced inflows. Last week, $99.2 million trickled into the funds for the first time in nearly a month as total net assets settled at $268.41 billion.

The average, seven-day simple yield for the 438 tax-exempt reporting funds remained at 0.01% for the 19th consecutive week, while the average maturity increased by one day to 38 days compared to last week.

Meanwhile, the total net assets of the 1,059 reporting taxable money funds fell by $4.01 billion to $2.272 trillion in the week ended Oct. 9. That compares to the prior week when the funds saw outflows of $14.30 billion and total net assets settled at $2.276 trillion.

The average, seven-day simple yield for the taxable funds remained at 0.03% for the fifth week in a row, while the average maturity was unchanged at 48 days.

Overall, the combined total net assets of the 1,497 reporting money funds dipped by $2.51 billion in the week ended Oct. 9 to finish at $2.542 trillion -- on the heels of last week’s $14.20 billion of outflows, which saw total net assets decline to $2.544 trillion.

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