UPDATE 1-U.S. money market fund assets fall in latest week
NEW YORK, April 18 (Reuters) - U.S. money market fund assets fell again in the latest week, marking a seventh straight week of declines, the Money Fund Report said on Wednesday.
Assets fell by $10.12 billion to $2.553 trillion in the week ended April 17, the report published by iMoneyNet said.
Total assets of U.S. money funds are nearing the lowest level since early August, when they were at $2.527 trillion.
Taxable money market fund assets fell by $6.88 billion to $2.273 trillion in the latest week, while tax-free fund assets declined by $3.24 billion to $280.69 billion, according to the report.
Yields on taxable money market funds remained at 0.03 percent for the 11th week, according to the report.
Yields on tax-free and municipal funds held steady 0.02 percent.
- Atheists face death in 13 countries, global discrimination: study
- Missouri executes man for killing good Samaritan motorist in 1994
- Focus turns to Thai military, anti-government protesters tell them to pick sides
- Google executives' planes saved millions in costs due to error - NASA
- Apple scores legal victory over Samsung in South Korea