$7.82 billion flowed out of money market funds in the week ended Tuesday, and it looks like continued low yields are to blame. The Wall Street Journal reports
on the latest data from iMoneyNet
's Money Fund Report
, which saw seven-day money fund yields stay below 50 basis points for a second week in a row (and also only the second time since iMoneyNet starting tracking rates in 1975).
Most of the outflows were concentrated in government money funds, which witnessed $15.8 billion walk away.
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