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

Published 01/08/2020, 02:58 PM
Updated 01/08/2020, 03:01 PM
© Reuters.  U.S. money market assets increased in latest week: iMoneyNet

NEW YORK, Jan 8 (Reuters) - U.S. money market fund assets increased by $169.17 billion to $3.591 trillion in the week ended Jan 7, the Money Fund Report said on Wednesday.

Taxable money market fund assets increased by $165.62 billion to $3.450 trillion, while tax-free assets increased by $3.55 billion to $140.67 billion, according to the report, published by iMoneyNet.

The iMoneyNet Money Fund Average 7-Day Simple Yield for All Taxable money-market funds was unchanged at 1.28 percent; the Taxable WAM shortened by one day to 36 days. The iMoneyNet Money Fund Average 7-Day Simple Yield for All Tax-Free and Municipal money-market funds slipped to 0.94 percent from 1.07 percent last week. The Tax-Free WAM shortened by one day to 33 days.

((Wall Street Newsdesk Telephone: +1 646-223-6110)) OLUSECON Reuters US Online Report Economy 20200108T195608+0000

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