Money-fund assets rise; yields mostly flat
There was little change in the weekly update on money-fund yields. One-year CD yields were unchanged at 0.24 percent.
The Associated Press
Total U.S. money-market mutual-fund assets rose by $7.32 billion to $2.58 trillion for the week that ended Wednesday, according to the Investment Company Institute.
The seven-day average yield on money-market mutual funds was unchanged at 0.01 percent from the previous week, according to Money Fund Report.
The seven-day compounded yield was flat at 0.01 percent.
The online service 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 0.11 percent.
Bankrate.com said the annual percentage yield on six-month certificates of deposit was unchanged from a week earlier at 0.14 percent.
One-year CD yields were also unchanged at 0.24 percent, while two-year CD yields were flat at 0.38 percent.
The five-year yield rose to 0.80 percent from 0.79 percent.