Money market fund assets fell by $25.22 billion to $3.764 trillion in the week ended June 3, the
Retail fund assets fell by $9.8 billion to $1.258 trillion. In this category, taxable funds fell by $9.99 billion to $984.76 billion. Tax-exempt funs assets rose by $184 million to $273.88 billion.
Institutional fund assets fell by $15.41 billion to $2.505 trillion, with taxable money market fund assets dropped by $15.39 billion to $2.315 trillion. In this category, institutional tax-exempt fund assets fell by $20 million to $190.02 billion.
The seven-day average yield on money market funds is now 15 basis points, down from 16 basis points the week before, according
For compound yields, yields are the same for both seven-day and 30-day funds.