U.S. money mkt fund assets lose $13.1 bln-iMoneyNet

Wed Nov 11, 2009 2:45pm EST
 
[-] Text [+]
 NEW YORK, Nov 11 (Reuters) - U.S. money market fund assets
fell by $13.1 billion to $3.3 trillion in the week ended Nov.
10, the Money Fund Report said on Wednesday.
 Taxable money market fund assets lost $12.48 billion to
$2.89 trillion, while tax-free assets fell $649.8 million to
settle at $411.6 billion, according to the report, published by
iMoneyNet.
 Yields on taxable money market funds remained at an
all-time low of 0.04 percent for the third consecutive week,
while tax-free and municipal fund yields slipped 1 basis point
to a fresh record low of 0.04 percent.
 (Reporting by Camille Drummond)

 

More News

US money market fund assets down $17.4 bln-iMoneyNet
Wednesday, 7 Oct 2009 02:54pm EDT 
US money market fund assets fall $7.2 bln-iMoneyNet
Wednesday, 23 Sep 2009 02:50pm EDT 
US money market fund assets lose $55.2 bln-iMoneyNet
Wednesday, 16 Sep 2009 03:05pm EDT 

Featured Broker sponsored link

Analysis

Sheikh Mohammed bin Rashid al-Maktoum (C), Ruler of Dubai and United Arab Emirates' Vice President, attends the opening ceremony of Metro Dubai September 9, 2009.  REUTERS/Dubai Ruler Media Office/Handout
"Dubai model" was the vision of one man

The "Dubai model" -- building shining cities in the desert at breakneck speed through the import of foreign residents, finance and labor -- is now on the ropes.  Full Article