Total assets in money market mutual funds fell for the third straight week, dropping $11.34 billion to $3.806 trillion for the week ending April 22, according to the Investment Company Institute.

Retail money funds saw the biggest drop, shedding $16.3 billion to end at $1.311 trillion. Among retail funds, taxable funds fell $11.9 billion to $1.03 trillion and tax-exempt funds fell $4.37 billion to $280.45 billion.

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