Investors continued to seek safety in cash as money market mutual fund assets crept closer to $4 trillion, rising $17.94 billion for the week ending March 4 to $3.906 trillion, according to the Investment Company Institute.

Retail money market funds rose $10.81 billion to $1.354 trillion. Among retail funds, taxable assets increased $10.375 billion to $1.064 trillion, while tax-exempt assets added $428 million to reach $290.19 billion.

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