U.S. money market assets decreased in latest week – iMoneyNet

U.S. money market assets decreased in latest week - iMoneyNetU.S. money market assets decreased in latest week – iMoneyNet

NEW YORK (Reuters) – U.S. money market fund assets decreased by $ 20.96 billion to $ 2.677 trillion in the week ended Jan 3, the Money Fund Report said on Wednesday.

Taxable money market fund assets decreased by $ 20.11 billion to $ 2.547 trillion, while tax-free assets decreased by $ 851.30 million to $ 130.27 billion, according to the report, published by iMoneyNet.

The iMoneyNet Money Fund Average 7-Day Simple Yield for All Taxable money-market funds increased to 0.24 percent from 0.23 percent the week before. The iMoneyNet Money Fund Average 7-Day Simple Yield for All Tax-Free and Municipal money-market funds was 0.27 percent, up from 0.25 percent the previous week. OLUSMONEY Reuters US Online Report Money 20170104T200334+0000

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