Originally published Sunday, November 8, 2009 at 12:14 AM
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Money-fund assets fall, yields are flat
NEW YORK — Total money-market mutual-fund assets fell by $31.26 billion to $3.339 trillion for the week, the Investment Company Institute said this past Thursday.
The seven-day average yield on money-market mutual funds was unchanged in the week ended Tuesday at 0.04 percent, said Money Fund Report, a service of iMoneyNet. The 30-day average yield was flat at 0.05 percent, according to Money Fund Report.
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 previous week at 0.32 percent.
Bankrate.com said the annual percentage yield was 0.57 percent on six-month certificates of deposit, down from 0.58 percent the previous week. Yields were 0.91 percent on 1-year CDs, down from 0.92 percent.
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