TITLE

Yields Up 13 Basis Points Before Fed Meeting

AUTHOR(S)
Fine, Jacob
PUB. DATE
June 2006
SOURCE
Bond Buyer;6/30/2006, Vol. 356 Issue 32414, p7
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
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.
ACCESSION #
21463875

 

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