Tax-Free Assets Increase $3.5 Billion; Week's Average Yield Rises to 3.29%

Fine, Jacob
July 2006
Bond Buyer;7/7/2006, Vol. 357 Issue 32418, p7
Trade Publication
The article focuses on the report of iMoneyNet Inc. regarding the increased assets in tax-free money market funds in the U.S. The growth has been caused by institutional funds that had a net inflow of about $3.3 billion. The average tax-free fund yield has climbed by about three basis points while the average taxable fund yield surged to about seven basis points.


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