US money market assets fall in latest week-iMoneyNet

NEW YORK, March 6 Wed Mar 6, 2013 3:09pm EST

NEW YORK, March 6 (Reuters) - U.S. money market fund assets decreased by $17.50 billion to $2.634 trillion in the week ended March 5, the Money Fund Report said on Wednesday.

Taxable money market fund assets declined by $17.67 billion to $2.355 trillion, while tax-free assets were up $165.4 million at $278.79 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.

A couple walks along the rough surf during sunset at Oahu's North Shore, December 26, 2013. REUTERS/Kevin Lamarque

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