Share “Money market fund assets decrease $1.06...”

Money market fund assets decrease $1.06 billion

Published on NewsOK Modified: February 6, 2014 at 4:03 pm •  Published: February 6, 2014

NEW YORK (AP) — Total U.S. money market mutual fund assets fell $1.06 billion to $2.705 trillion for the week that ended Wednesday, according to the Investment Company Institute.

Assets in the nation's retail money market mutual funds rose $4.93 billion to $922.72 billion, the Washington-based mutual fund trade group said Thursday. Assets of taxable money market funds in the retail category rose $3.96 billion to $726.93 billion. Tax-exempt retail fund assets rose $970 million to $195.8 billion.

Assets in institutional money market funds fell $5.98 billion to $1.782 trillion. Among institutional funds, taxable money market fund assets decreased $7.41 billion to $1.71 trillion. Assets of tax-exempt funds rose $1.42 billion to $75.56 billion.

The seven-day average yield on money market mutual funds was unchanged at 0.01 percent from the previous week, according to Money Fund Report, a service of iMoneyNet Inc. in Westborough, Mass. The seven-day compounded yield was flat at 0.01 percent.

The 30-day yield and the 30-day compounded yield were both unchanged at 0.01 percent, Money Fund Report said Wednesday.

The average maturity of portfolios held by money market mutual funds was unchanged from the prior week at 47 days.

The online service 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 fell to 0.11 percent from 0.12 percent the week before.

The North Palm Beach, Fla.-based unit of Bankrate Inc. said Wednesday that the annual percentage yield available on interest-bearing checking accounts remained steady at 0.05 percent. said the annual percentage yield on six-month certificates of deposit rose to 0.15 percent from 0.14 percent a week ago. One-year CD yields rose to 0.23 percent from 0.22 percent. The yield on two-year CDs was unchanged at 0.36 percent. The five-year yield rose to 0.80 percent from 0.79 percent.


  1. 1
    Claremore hospital fires doctor who authorities say threatened officer after DUI arrest
  2. 2
    Former Arrow Trucking CEO sentenced to 7.5 years in prison
  3. 3
    George Kaiser Family Foundation donates $10 million in land in Tulsa
  4. 4
    Tom Petty Reveals ‘90s-Era Heroin Addiction in New Biography
  5. 5
    Conservatives hold out option of vacating Boehner's chair
+ show more


× Trending business Article