TITLE

7-Day Yield Up 6 Basis Points to 1.11%

AUTHOR(S)
fine, Jacob
PUB. DATE
January 2005
SOURCE
Bond Buyer;1/21/2005, Vol. 351 Issue 32054, p6
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
This article reports that tax-free money market funds' average seven-day yield bounced back up six basis points to 1.11% on an annualized basis during the week ended Monday, after plunging 28 basis points the prior week from a recent high of 1.33%, iMoneyNet Inc. reported. Taxable money market funds meanwhile had a net outflow of $ 16.95 billion, leaving their total assets at $1.57 trillion.
ACCESSION #
15791131

 

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