Tax-Free Yields Jump 12 Basis Points

Fine, Jacob
January 2005
Bond Buyer;1/28/2005, Vol. 351 Issue 32059, p6
Trade Publication
The article reports that the tax-free money market funds' average yield has raised 12 basis points to 1.23% on an annualized basis, as their assets climbed by $1.5 billion. The net inflow bumped the overall size of the funds up to $324.69 billion. Taxable funds, meanwhile, had a $9.42 billion set inflow during the week as their average yield raised just one basis point to 1.68%.


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