Bank CDs: Available for Investment, But is There Value?
States and localities have long invested in bank certificates of deposit because they are familiar,...
The Upcoming FOMC Meeting: Lower Rates Likely
The October meeting of the Federal Open Market Committee is likely to produce two results...
State-Sponsored Local Government Investment Pools: Trends and Opportunities
An overview of state-sponsored local government investment pools and an engaging discussion of current issues,...
What to Expect in a Government Shutdown
I have no idea what the outcome of the government shutdown will be. There is...
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
Short-Term Yields: Notably Stable in the Face of Fed Easing
Local government investment pool yields have declined but other short-term yields have been remarkably stable over the past two months, even as the Fed has resumed easing monetary conditions. The 25-basis point cut in federal funds in late September flowed through to LGIP yields which declined in the 30 days following that action, but one-and two-year Treasury yields have scarcely moved. The reason? Their decline earlier this year anticipated the Fed’s September move and a likely move again at the October Federal Open Market Committee meeting.
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Insights
Bank CDs: Available for Investment, But is There Value?
The Upcoming FOMC Meeting: Lower Rates Likely
State-Sponsored Local Government Investment Pools: Trends and Opportunities
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