TITLE

Tax-Free Average Weekly Yields Shoot Up 28 Basis Points

AUTHOR(S)
Fine, Jacob
PUB. DATE
June 2006
SOURCE
Bond Buyer;6/23/2006, Vol. 356 Issue 32409, p7
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
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.
ACCESSION #
21387433

 

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