Originally published Saturday, March 16, 2013 at 8:01 PM
Money-fund assets rise, yields are unchanged
Total U.S. money-market mutual-fund assets rose $5.32 billion to $2.652 trillion for the week that ended Wednesday, according to the Investment Company Institute.
Total U.S. money-market mutual-fund assets rose $5.32 billion to $2.652 trillion for the week that ended Wednesday, according to the Investment Company Institute.
The 7-day average yield on money-market mutual funds was unchanged from the previous week at 0.02 percent in the week that ended Tuesday, according to Money Fund Report, a service of iMoneyNet.
The 7-day compounded yield, the 30-day yield and the 30-day compounded yield all remained at 0.02 percent, Money Fund Report said Wednesday.
Bankrate.com said its survey of 100 leading commercial banks, savings and loan associations and savings banks in the nation’s 10 largest markets showed the annual percentage yield available on money-market accounts was unchanged from the week before at 0.12 percent.
The annual percentage yield available on interest-bearing checking accounts was unchanged from the week before at 0.05 percent, Bankrate.com said.










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