US money mkt fund assets rise by $4.4 bln-iMoneyNet
NEW YORK |
NEW YORK Feb 24 (Reuters) - U.S. money market fund assets rose by $4.44 billion to $3.128 trillion in the week ended Feb. 23, the Money Fund Report said on Wednesday.
Taxable money market fund assets rose by $4.25 billion to $2.746 trillion, while tax-free assets were up $187.7 million at $381.75 billion, according to the report, published by iMoneyNet.
Yields on taxable money market funds remained at a record low of 0.02 percent, while tax-free and municipal fund yields inched up from their 0.02 all-time low. (Reporting by Camille Drummond; Editing by Dan Grebler)
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