U.S. money market assets decreased in latest week: iMoneyNet

NEW YORK Wed Oct 9, 2013 3:04pm EDT

NEW YORK (Reuters) - U.S. money market fund assets decreased by $9.44 billion to $2.650 trillion in the week ended Oct 8, the Money Fund Report said on Wednesday.

Taxable money market fund assets decreased by $12.18 billion to $2.385 trillion, while tax-free assets increased by $2.74 billion to $265.90 billion, according to the report, published by iMoneyNet.

The iMoneyNet Money Fund Average 7-Day Simple Yield for All Taxable money-market funds held steady at 0.01 percent. The iMoneyNet Money Fund Average 7-Day Simple Yield for All Tax-Free and Municipal money-market funds was also unchanged at 0.01 percent.

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