TITLE

Tax-Free Yields Rise Two Basis Points to 1.25%

AUTHOR(S)
Johnson, Matthew
PUB. DATE
February 2005
SOURCE
Bond Buyer;2/4/2005, Vol. 351 Issue 32064, p6
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports that tax-free money market funds' average yield climbed two basis points during the week ended Monday to 1.25% on an annualized basis, as their assets declined by an unusually large $6.21 billion. The net outflow lowered the overall size of the funds down to $318.48 billion, according to the Westborough, Massachusetts-based fund tracker. Taxable funds also had a large $18.73 billion net outflow during the week as their average yield rose seven basis points to 1.75%. Taxable fund assets now total $1.56 trillion.
ACCESSION #
15950914

 

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