New Bank Capital Requirements: A Credit Negative and More
When the Federal Reserve and other bank regulators approved changes to the capital requirements for...
A Bill to Expand Federal Deposit Insurance Would Benefit State and Local Governments
Securing public funds bank deposits is normally not top of mind. Nor is it the...
Is Monetary Policy Broken?
This may appear to be a bit wonky for some public funds investors who have...
Cracks Are Appearing in the Credit Markets
Cracks are appearing in the credit markets and public funds investors should amp up risk...
Dashboard
Yield and portfolio information to help public funds investment officials manage portfolios, monitor markets and benchmark portfolio performance of local government investment pools (LGIPs) and short term portfolios.
Money Market Yields
At Year-End: Money Market Yields are Closely Tracking the Federal Funds Rate
Money market yields have closely tracked the federal funds rate as the central bank has eased policy in recent months. The main policy rate is now 75 basis points lower than it was in June. Local government investment pool rates have lagged the decline in the federal funds rate, but only for a few weeks.
Wider spreads have prevailed recently between commercial paper, negotiable CDs, and other short term credit instruments, elevating the rate on prime LGIPS. Year-end window dressing by corporate borrowers and the recently announced Fed program to buy $40 billion of Treasury bills a month have inflated this spread.
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Insights
New Bank Capital Requirements: A Credit Negative and More
A Bill to Expand Federal Deposit Insurance Would Benefit State and Local Governments
Is Monetary Policy Broken?
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