Tax-exempt money market funds generated inflows for the first time in nearly a month, as $2.84 billion of new cash flowed in and total net assets settled at $274.96 billion in the week ended May 7, according to the Money Fund Report, a service of

The positive cash comes following at least three weeks of massive outflows from tax-exempt municipal money funds — including last week when they experienced their biggest outflows of the year as investors withdrew $4.8 billion and fund assets slipped to $272.12 billion.

The average, seven-day simple yield for the 442 reporting tax-exempt funds remained at 0.02% for a fourth straight week, while the average maturity stayed put at 26 days.

In the taxable market, money funds grew by $13.11 billion and total net assets hit $2.275 trillion in the week ended May 8. The previous week saw outflows of $22.47 billion, dropping assets to $2.26 trillion.

The seven-day yield for the 1,086 taxable funds reporting was unchanged at 0.03% for the 14th week straight, while the average maturity remained at 45 days.

Overall, the combined assets of the 1,528 muni money market funds reporting increased by $15.95 billion as assets rose to $2.550 trillion in the week ended May 8, following a week that saw assets fall $27.27 billion to $2.534 trillion.