Tax Free Yields Shoot Up Nine Basis Points

Fine, Jacob
January 2005
Bond Buyer;1/7/2005, Vol. 351 Issue 32045, p7
Trade Publication
The article reports that the weekly average tax-free money market fund yields shot up nine basis points during the week ended Monday to 1.33% on an annualized basis, iMoneyNet Inc. reported. The funds meanwhile had a net outflow of $3,42 billion during the reporting period, according to the Westborough, Massachusetts-based fund tracker. They funds' average maturity declined by two days to 33 days during the week.


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