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, trends, and opportunities. That is...
What to Expect in a Government Shutdown
I have no idea what the outcome of the government shutdown will be. There is no predicting, and any forecasts...
State and Local Government Investment Assets Show Growth Despite Economic and Fiscal Uncertainty
State and local government investment assets grew by $110 billion, to $4.1 trillion in the second quarter of 2025, a...
Why the Yield on the 10-Year Treasury Matters
There are several reasons to keep a close eye on the yield of the 10-year Treasury note even though investing...
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
LGIP Yields Plummeted Since the Fed Cut Rates but Other Rates? Not So Much
LGIP and money fund rates have plummeted since the Federal Reserve cut its policy rate by 25 basis points. By the end of last week about 2/3 of the rate cut had made its way into LGIP yields. The balance will likely appear in coming weeks. As to the rest of the short-term markets? Despite a drumbeat for further cuts at each of the next two Federal Open Market Committee meetings, the markets are skeptical. The two-year Treasury yield has risen in the past two weeks. And the futures trading showed the April 2026 federal funds level at 3.43% at the end of last week, up 13 basis points in two weeks.
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Insights
State-Sponsored Local Government Investment Pools: Trends and Opportunities
What to Expect in a Government Shutdown
State and Local Government Investment Assets Show Growth Despite Economic and Fiscal Uncertainty
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