Money market mutual funds rose in the latest week says ICI. Money funds increased by $8 billion to an almost-record $2.431 trillion. Year-to-date assets are up $49 billion (4.5%); over 52 weeks money funds are up $375 billion (18.2%). Yields of 4.5% to 5.25% for money funds continue to draw assets from lower-yielding bank deposits and brokerage sweep options, as well as from bonds and other traditional market "hedges".

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