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Strategies & Market Trends : MDA - Market Direction Analysis -- Ignore unavailable to you. Want to Upgrade?

To: James Strauss who wrote (244)	12/3/1998 9:03:00 PM
From: NickSE	Read Replies (1) \| Respond to of 99985

Money funds rose in latest week 6.49 p.m. ET (2349 GMT) December 3, 1998 NEW YORK — Assets in the nation's retail money market mutual funds increased by $8.14 billion to $816.99 billion, the Investment Company Institute said Thursday. Assets of taxable money market funds grew by $6.08 billion to $672.08 billion in the retail category for the week ended Wednesday, the Washington-based mutual fund trade group said. Tax-exempt fund assets increased by $2.06 billion to $144.92 billion. Assets of institutional money market funds increased by $4.54 billion to $570.08 billion for the same period. Among institutional funds, taxable money market fund assets grew by $2.42 billion to $520.18 billion; assets of tax-exempt funds grew by $2.12 billion to $49.90 billion. Total money market assets stood at $1.387 trillion for the week. Assets for the previous week were revised to $1.374 trillion to reflect reporting errors and a change in the number of funds reporting. The seven-day average yield on money market mutual funds rose in the week ended Tuesday to 4.57 percent from 4.50 percent the previous week, said IBC's Money Fund Report, a trade journal published in Ashland, Mass., by IBC Financial Data Inc. The 30-day average yield fell to 4.60 percent from 4.63 percent. The seven-day compounded yield rose to 4.68 percent from 4.60 percent the previous week, while the 30-day compounded yield fell to 4.70 percent from 4.73 percent, IBC Financial Data said. The average maturity of the portfolios held by money funds was 59 days, down from 60 days the previous week, IBC Financial Data said. The newsletter Bank Rate Monitor 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 2.32 percent as of Wednesday, down from 2.34 percent a week earlier. The North Palm Beach, Fla.-based newsletter said the annual percentage yield available on interest-bearing checking accounts was 1.03 percent, down from 1.07 percent a week earlier. Bank Rate Monitor said the annual percentage yield was 4.18 percent on six-month certificates of deposit, down from 4.20 percent the previous week. Yields were 4.30 percent on 1-year CDs, down from 4.31 percent; 4.39 percent on 2 1/2-year CDs, down from 4.40 percent the previous week; and 4.52 percent on 5-year CDs, down from 4.54 percent. foxmarketwire.com

To: James Strauss who wrote (244)	12/3/1998 9:26:00 PM
From: Patrick Slevin	Read Replies (3) \| Respond to of 99985

Serious question, James, I have never been able to read that correctly. Can you explain the proper interpretation? I look at the 3/13/98 area for example and the Summation turned but the market did not. I know there is a way to interpret but I have never found anyone who would explain it.