U.S. money market fund assets increased by $169.17 billion to $3.591 trillion in the week ended Jan 7, the Money Fund Report said on Wednesday.
Taxable money market fund assets increased by $165.62 billion to $3.450 trillion, while tax-free assets increased by $3.55 billion to $140.67 billion, according to the report, published by iMoneyNet.
The iMoneyNet Money Fund Average 7-Day Simple Yield for All Taxable money-market funds was unchanged at 1.28 percent; the Taxable WAM shortened by one day to 36 days.
The iMoneyNet Money Fund Average 7-Day Simple Yield for All Tax-Free and Municipal money-market funds slipped to 0.94 percent from 1.07 percent last week. The Tax-Free WAM shortened by one day to 33 days.