TITLE

Yields Drop 20 Basis Points as Assets Hit Record

AUTHOR(S)
Fine, Jacob
PUB. DATE
July 2006
SOURCE
Bond Buyer;7/14/2006, Vol. 357 Issue 32423, p7
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports on the decline of tax-free money market fund yield by 20 basis points as their assets rose to a record high of 360.94 billion dollars during the week ended July 10, 2006 according to iMoneyNet Inc. The average weekly yield level of the funds declined to 3.09 percent on an annualized basis from 3.29 percent.
ACCESSION #
21657498

 

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