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

Published 09/18/2019, 02:07 PM
Updated 09/18/2019, 02:11 PM
© Reuters.  U.S. money market assets decreased in latest week: iMoneyNet

NEW YORK, (Reuters) - U.S. money market fund assets decreased by $20.55 billion to $3.335 trillion in the week ended Sept 17, the Money Fund Report said on Wednesday.

Taxable money market fund assets decreased by $19.45 billion to $3.201 trillion, while tax-free assets decreased by $1.10 billion to $133.97 billion, according to the report, published by iMoneyNet.

The iMoneyNet Money Fund Average 7-Day Simple Yield for All Taxable money-market funds jumped to 1.87 percent from 1.75 percent last week; the Taxable WAM lengthened by two days to 34 days. The iMoneyNet Money Fund Average 7-Day Simple Yield for All Tax-Free and Municipal money-market funds increased to 0.92 percent from 0.90 percent last week. The Tax-Free WAM lengthened by one day to 35 days. OLUSECON Reuters US Online Report Economy 20190918T180644+0000

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