TITLE

Muni Assets Reach Record High of $356.61B

AUTHOR(S)
Johnson, Matthew
PUB. DATE
March 2006
SOURCE
Bond Buyer;3/10/2006, Vol. 355 Issue 32336, p7
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports that assets in tax-exempt money market funds have reached $356.61 billion during the week ended March 6, 2006. The results were allegedly due to the $1.97 billion of flows into retail funds, with institutional funds experiencing a $496.2 million outflow. The funds' weekly average yield fell by 11 basis points to 2.49 percent on an annualized basis.
ACCESSION #
20281972

 

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