TITLE

Average Tax-Free Yield Falls Back Below 3%

AUTHOR(S)
Fine, Jacob
PUB. DATE
May 2006
SOURCE
Bond Buyer;5/12/2006, Vol. 356 Issue 32380, p34
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports on the declining average yield of tax-free money market fund. According to the report by iMoneyNet Inc., tax-free money market funds' average weekly yield sank back below the 3 percent barrier as it fell 12 basis points. The decline left the yield level just one basis point lower than where it had settled on April 24, before rising 11 basis points during the following week.
ACCESSION #
20944504

 

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