TITLE

Tax-Free Yield Rises 12 Basis Points as Assets Slip

AUTHOR(S)
Fine, Jacob
PUB. DATE
June 2006
SOURCE
Bond Buyer;6/16/2006, Vol. 356 Issue 32404, p7
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports on the status of tax-free money market funds in the U.S. The fund's average yield rebounded during the period June 12-18, 2006, rising 12 basis points to 2.85 percent on an annualized basis. This increase followed a decline of 13 basis points the previous week. Meanwhile, assets in the funds dropped an additional $166.3 million during the week to $346.77 billion after sinking $1.4 billion the previous week.
ACCESSION #
21319286

 

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