The LA Times writes "Money market fund cash outflows ease after rising on Europe debt fears". It says, "Cash outflows from money market mutual funds slowed this week, suggesting a lessening of investors' concerns over the funds holdings of European bank debt. Overall, a net $9.9 billion came out of the funds in the seven days ended Tuesday, or about 0.4% of total assets of $2.66 trillion, according to data firm iMoneyNet Inc. The net outflow was $18 billion the previous week and $27.5 billion the week before that. As Europe's government debt crisis has worsened over the last month, investors began to focus on money funds' major holdings in short-term debt and certificates of deposit from European banks." Also, `ICI reported their weekly "Money Market Mutual Fund Assets" report, which says, "Total money market mutual fund assets increased by $3.93 billion to $2.687 trillion for the week ended Wednesday, July 6, the Investment Company Institute reported today. Taxable government funds increased by $11.89 billion, taxable non-government funds decreased by $13.02 billion, and tax-exempt funds increased by $5.06 billion." (Crane Data's Money Fund Intelligence Daily shows inflows into Prime money funds over the past two days.)
