Money market funds netted $10.71 billion in the week ended March 11, even as the seven-day simple yield fell to a record low of 29 basis points. Assets in money funds now total $3.835 trillion.
For the past seven weeks, the yield has been below 50 basis points, the lowest since
Taxable funds took in $7.06 billion, hitting a record $3.35 trillion. Within this category, prime funds rose by $9.21 billion, and government funds lost $2.15 billion. Tax-free funds reaped $3.65 billion.
The latest data from the