Total money market mutual fund assets decreased $6.59 billion to $2.8 trillion for the week, the Investment Company Institute said Thursday.
Assets of the nation's retail money market mutual funds fell $1.05 billion to $941.26 billion. Assets of taxable money market funds in the retail category decreased $1.69 billion to $739.21 billion for the week ended Wednesday, the Washington-based mutual fund trade group said. Retail tax-exempt fund assets rose $640 million to $202.04 billion.
Assets of institutional money market funds fell $5.54 billion to $1.859 trillion for the same period. Among institutional funds, taxable money market fund assets fell $5.83 billion to $1.735 trillion; assets of institutional tax-exempt funds increased by $300 million to $124.03 billion.
The seven-day average yield on taxable money market mutual funds in the week ended Tuesday remained at 0.03 percent, the same as the previous week, said Money Fund Report, a service of iMoneyNet Inc. in Westboro, Mass. The 30-day average yield dropped to 0.03 percent from 0.04 percent, according to Money Fund Report.
The seven-day compounded yield also remained flat at 0.03 percent, while the 30-day compounded yield fell to 0.03 percent from 0.04 percent, Money Fund Report said. The average maturity of the portfolios held by money funds remained 47 days.
The online service Bankrate.com said its survey of 100 leading commercial banks, savings and loan associations and savings banks in the nation's 10 largest markets showed the annual percentage yield available on money market accounts was again unchanged from the previous week at 0.19 percent.
The North Palm Beach, Fla.-based unit of Bankrate Inc. said the annual percentage yield available on interest-bearing checking accounts was flat at 0.10 percent.
Bankrate.com said the annual percentage yield on six-month certificates of deposit was 0.32 percent, unchanged from the previous week. Yields on one-year CDs fell to 0.52 percent from 0.53 percent the previous week; slipped to 0.73 percent from 0.74 percent on 2 1/2 year CDs; and declined to 1.55 percent from 1.57 percent on five-year CDs.
source: sify.com
Total money market mutual fund assets decreased $6.59 billion to $2.8 trillion for the week, the Investment Company Institute said Thursday.
Assets of the nation's retail money market mutual funds fell $1.05 billion to $941.26 billion. Assets of taxable money market funds in the retail category decreased $1.69 billion to $739.21 billion for the week ended Wednesday, the Washington-based mutual fund trade group said. Retail tax-exempt fund assets rose $640 million to $202.04 billion.
Assets of institutional money market funds fell $5.54 billion to $1.859 trillion for the same period. Among institutional funds, taxable money market fund assets fell $5.83 billion to $1.735 trillion; assets of institutional tax-exempt funds increased by $300 million to $124.03 billion.
The seven-day average yield on taxable money market mutual funds in the week ended Tuesday remained at 0.03 percent, the same as the previous week, said Money Fund Report, a service of iMoneyNet Inc. in Westboro, Mass. The 30-day average yield dropped to 0.03 percent from 0.04 percent, according to Money Fund Report.
The seven-day compounded yield also remained flat at 0.03 percent, while the 30-day compounded yield fell to 0.03 percent from 0.04 percent, Money Fund Report said. The average maturity of the portfolios held by money funds remained 47 days.
The online service Bankrate.com said its survey of 100 leading commercial banks, savings and loan associations and savings banks in the nation's 10 largest markets showed the annual percentage yield available on money market accounts was again unchanged from the previous week at 0.19 percent.
The North Palm Beach, Fla.-based unit of Bankrate Inc. said the annual percentage yield available on interest-bearing checking accounts was flat at 0.10 percent.
Bankrate.com said the annual percentage yield on six-month certificates of deposit was 0.32 percent, unchanged from the previous week. Yields on one-year CDs fell to 0.52 percent from 0.53 percent the previous week; slipped to 0.73 percent from 0.74 percent on 2 1/2 year CDs; and declined to 1.55 percent from 1.57 percent on five-year CDs.
source: sify.com
