August 27, 2008 / 9:02 PM / 11 years ago

US taxable money mkt fund assets hit record -iMoneyNet

NEW YORK, Aug 27 (Reuters) - U.S. taxable money market fund assets rose $7.66 billion to a record $2.997 trillion in the week ended Tuesday, the Money Fund Report said on Wednesday.

Tax-free money market fund assets fell $7.81 billion to $520.56 billion from a record $528.36 billion last week, according to the report, a service of iMoneyNet.

Taxable yields fell 1 basis point to 1.86 percent, but tax-free yields were unchanged at 1.21 percent. (Reporting by Anastasija Johnson; Editing by Leslie Adler)

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