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Sunday, May 12, 2013 - Page updated at 07:30 p.m.
Money-fund assets rise, yields are unchanged
The Associated Press
NEW YORK — Total U.S. money-market mutual-fund assets rose $19.54 billion to $2.583 trillion for the week that ended this past Wednesday, according to the Investment Company Institute.
The seven-day average yield on money-market 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 seven-day compounded yield, the 30-day yield and the 30-day compounded yield all stayed at 0.02 percent, Money Fund Report said Wednesday.
The online service Bankrate.com said that its survey of 100 leading commercial banks, savings and loan associations and saving banks in the nation’s 10 largest markets showed that the annual percentage yield available on money-market accounts were unchanged from the week before at 0.11 percent.
Bankrate.com said the annual percentage yield on six-month certificates of deposit were unchanged at 0.16 percent.
Yields were flat at 0.25 percent on one-year CDs, flat at 0.39 percent on two-year CDs and flat at 0.79 percent on five-year CDs, according to Bankrate.com.
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