TITLE

Tax-Free Fund Yields Drop 13 Basis Points

AUTHOR(S)
Fine, Jacob
PUB. DATE
June 2006
SOURCE
Bond Buyer;6/9/2006, Vol. 356 Issue 32399, p7
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
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.
ACCESSION #
21175778

 

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