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.


After wave of QE, onus shifts to leaders to boost economy

DAVOS, Switzerland - Central banks have done their best to rescue the world economy by printing money and politicians must now act fast to enact structural reforms and pro-investment policies to boost growth, central bankers said on Saturday.