Tax-Free Average Weekly Yields Shoot Up 28 Basis Points

Fine, Jacob
June 2006
Bond Buyer;6/23/2006, Vol. 356 Issue 32409, p7
Trade Publication
The article reports that tax-free money market funds' average weekly yield increased up 28 basis points during the week ended June 19, 2006 to 3.13 percent on an annualized basis in the U.S. Assets in tax-free funds rose $1.89 billion during the week to $348.67 billion, driven mostly by retail funds. In addition, taxable funds gained a net $12.44 billion as their assets increased to $1.74 trillion during the week.


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