U.S. money mkt fund assets lose $13.1 bln-iMoneyNet
NEW YORK, Nov 11 (Reuters) - U.S. money market fund assets fell by $13.1 billion to $3.3 trillion in the week ended Nov. 10, the Money Fund Report said on Wednesday.
Taxable money market fund assets lost $12.48 billion to $2.89 trillion, while tax-free assets fell $649.8 million to settle at $411.6 billion, according to the report, published by iMoneyNet.
Yields on taxable money market funds remained at an all-time low of 0.04 percent for the third consecutive week, while tax-free and municipal fund yields slipped 1 basis point to a fresh record low of 0.04 percent. (Reporting by Camille Drummond)
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