Tax-Free Fund Yields Drop 13 Basis Points

Fine, Jacob
June 2006
Bond Buyer;6/9/2006, Vol. 356 Issue 32399, p7
Trade Publication
The article reports that tax-free money market funds' average yield has dropped by 13 basis points on an annualized basis. The drop occurred after the funds' weekly yield held steady for two consecutive weeks. Assets in tax-free funds also closed lower. The latest outflow can be attributed to institutional funds, which lost $3.4 billion.


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