Make Kitco Your Homepage

U.S. money market assets increased in latest week: iMoneyNet

Kitco News

NEW YORK, (Reuters) - U.S. money market fund assets increased by $41.12 billion to $3.234 trillion in the week ended July 9, the Money Fund Report said on Wednesday.

Taxable money market fund assets increased by $39.58 billion to $3.095 trillion, while tax-free assets increased by $1.54 billion to $139.40 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 2.02 percent from 2.00 percent last week; the Taxable WAM was unchanged at 29 days. The iMoneyNet Money Fund Average 7-Day Simple Yield for All Tax-Free and Municipal money-market funds fell to 1.15 percent from 1.43 percent last week. The Tax-Free WAM shortened by one day to 28 days.

Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.