The total net assets were only slightly higher than the $278.62 billion that tax-exempt money market funds ended with in the prior week when $424.80 million of inflows arrived after weeks of repeated outflows.
This week, the average, seven-day simple yield for the 431 reporting tax-exempt money market funds was unchanged from the prior week at 0.01%, while the average maturity remained at 31 days.
The total net assets of the 1,036 taxable money funds declined by $17.67 billion to $2.355 trillion in the week ended March 5, compared to inflows of $13.84 billion in the prior week when total net assets settled at $2.372 trillion.
The average, seven-day simple yield for the taxable money funds remained unchanged at 0.02% from the prior week, while the average maturity was also unchanged at 48 days.
Overall, the combined assets of the 1,467 reporting money funds fell by $17.50 billion as total net assets decreased to $2.634 trillion in the week ended March 5. That compares to $14.27 billion of inflows in the previous week when total net assets settled at $2.651 trillion.
