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Strategies & Market Trends : Technical analysis for shorts & longs -- Ignore unavailable to you. Want to Upgrade?

To: Johnny Canuck who wrote (36902)	5/1/2002 10:43:04 PM
From: Johnny Canuck	Read Replies (2) \| Respond to of 68388

Investors pull whopping $56 bln from money market funds by Craig Tolliver Investors withdrew a whopping $56 bln from money market funds in the latest week, according to IMoneyNet. Over the five-day period ended Tuesday, Taxable money market assets plunged by more than $51 bln to finish at $1.93 tln, while total tax-free assets declined by another $4.6 bln to $261 billion for the week. Altogether, 1,677 taxable and tax-free funds were left with $2.19 trillion, down from last week's $2.25 trillion, the Westborough, Mass.-based flow-tracker said. The average seven-day simple yield on taxable funds nudged up 2 basis points from the prior week to finish at 1.37%. Tax-free fund average yields increased by 9 basis points to 1.18%. the highest tax-free 7-day simple yield average since Jan. 1. [Harry: So where did it go? Not into the stocks market. Into housing or to pay down debt???]