Total money market mutual fund assets have increased $21.79 billion to reach $3.608 trillion for the week ending Nov. 5, according to the
Retail money market mutual fund assets fell by $1.45 billion to $1.263 trillion, taxable money market fund assets in the retail category fell $3.68 billion to $962.42 billion and tax-exempt fund assets increased $2.23 billion to $300.66 billion.
Institutional money market fund assets increased $23.24 billion to $2.345 trillion, taxable fund assets rose by $21.72 billion to $2.156 trillion and tax-exempt fund assets in the institutional space rose by $1.52 billion to $188.57 billion.
The seven-day average yield fell from 1.54% to 1.35 for the week ending Nov. 4, according to
The seven-day compounded yield fell from 1.56% to 1.35% and the 30-day compounded yield fell from 1.53% to 1.48%.
The average maturity of portfolios held by money funds was at 43 days, up from 42.
