Reuters on Asset Rebound
Reuters writes "US money market assets increased in latest week - iMoneyNet." They say, "U.S. money market fund assets increased by $25.42 billion to $2.788 trillion in the week ended June 26, the Money Fund Report said on Wednesday. Taxable money market fund assets increased by $26.07 billion to $2.652 trillion, while tax-free assets decreased by $648.90 million to $135.41 billion, according to the report, published by iMoneyNet. The iMoneyNet Money Fund Average 7-Day Simple Yield for All Taxable money-market funds increased to 1.51 percent from 1.49 percent the week before, while the iMoneyNet Money Fund Average 7-Day Simple Yield for All Tax-Free and Municipal money-market funds rose to 0.99 percent from 0.84 percent last week."
