Yields Up 13 Basis Points Before Fed Meeting

Fine, Jacob
June 2006
Bond Buyer;6/30/2006, Vol. 356 Issue 32414, p7
Trade Publication
The article focuses on the average yield of the tax-free money market funds in the U.S. for the week ended June 26, 2006. The funds' average yield increased 13 basis points to 3.26 percent on an annualized basis head of the Federal Reserve Board's meeting. On the other hand, assets in tax-free funds decreased $1.33 billion to $347.34 during the week, as retail investors pulled cash from the funds.


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