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Assets of money market mutual funds and of commercial paper declined in the latest week, according to ICI and Federal Reserve figures. Both had been poised to hit record levels, but they'​ve been delayed by fears of a rate hike and a move into repo. Money funds lost $​11.​64 billion to $​2.​379 trillion (​institutional lost $​15.​94 billion while retail rose $​4.​29 billion), and CP outstandings fell $​14.​2 billion to $​1.​984 trillion.

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