Inflows of $57.1 million entered the tax-exempt money market industry in the week ended April 8 and total net assets inched up to $273.12 billion, according to The Money Fund Report, a service of iMoneyNet.com.
The modest inflows were a rare occurrence amid recent sizable outflow activity and compared to the prior week when tax-exempt funds lost $1.79 billion and total net assets dropped to $273.06 billion.
The 425 reporting tax-exempt money funds this week were unchanged from the prior week at 0.01%, while the average maturity remained at 29 days.
In the taxable market, meanwhile, the 1,028 reporting funds declined by $8.44 billion as total net assets settled at $2.332 trillion in the week ended April 9, versus $9.54 billion of outflows in the prior week when total net assets fell to $2.341 trillion.
The average, seven-day simple yield for the taxable funds was unchanged from the previous week at 0.02%, while the average maturity increased one day to 48.
Overall, the combined assets of the 1,452 reporting money funds fell by $8.38 billion and total net assets settled at $2.605 trillion in the week ended April 9. That was down from outflows of $11.33 billion in the prior week when total net assets settled at $2.614 trillion.
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