October 23, 2013 / 7:00 PM / 4 years ago

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

NEW YORK (Reuters) - U.S. money market fund assets increased by $34.64 billion to $2.640 trillion in the week ended Oct 22, the Money Fund Report said on Wednesday.

Taxable money market fund assets increased by $35.90 billion to $2.377 trillion, while tax-free assets decreased by $1.26 billion to $263.66 billion, according to the report, published by iMoneyNet.

The iMoneyNet Money Fund Average 7-Day Simple Yield for All Taxable money-market funds held steady at 0.01 percent. The iMoneyNet Money Fund Average 7-Day Simple Yield for All Tax-Free and Municipal money-market funds was also unchanged at 0.01 percent.

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