US money market fund assets rise to record -iMoneyNet

NEW YORK, Nov 19 (Reuters) - U.S. money market fund assets rose by $55.6 billion in the latest week to a record high of $3.596 trillion, the Money Fund Report said on Wednesday.

Taxable fund assets rose by $59.7 billion to a record $3.103 trillion, while tax-free assets fell by $4.11 billion to $492.47 billion, according to the report, published by iMoneyNet.

Taxable money market fund yields fell 8 basis points to 1.18 percent, while tax free yields fell by 15 basis points to 1.04 percent. (Reporting by Dena Aubin) (dena.aubin@thomsonreuters.com; +1-646-223-6325; Reuters Messaging: dena.aubin.reuters.com@reuters.net))