US money market assets down in latest week: iMoneyNet

NEW YORK Wed Dec 19, 2012 3:12pm EST

NEW YORK (Reuters) - U.S. money market fund assets fell by $9.72 billion to $2.619 trillion in the week ended December 18, the Money Fund Report said on Wednesday.

Taxable money market fund assets fell by $12.44 billion to $2.341 trillion, while tax-free assets rose by $2.72 billion to $278.44 billion, according to the report, published by iMoneyNet.

Yields on taxable money market funds were unchanged from the previous week at 0.02 percent, according to the report.

(Reporting by Angela Moon; Editing by Dan Grebler)

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