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 Remain Insulated From Recent Market Volatility

Here’s another chart to illustrate the shelter that local government investment pool yields offer from the Iran war-induced market volatility.   We’ve seen pool yields move by only a couple of basis points since the war began.  Their yields have a close linkage to the Federal Reserve’s main policy rate and this has not budged even one basis point since December.  Of course all of that could change in a  flash if/when the Fed changes to its monetary policy. 

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Insights

First Quarter Investment Returns: Lessons Learned

It was not supposed to be this way. At the start of 2026, many investors were looking forward to declining short-term rates, with the Federal Reserve continuing to cut the federal funds rate to three percent by year-end. Some prominent economists forecast rates with a two percent handle by December. Longer-maturity investments, including two-year Treasuries […]

Not Much Has Changed, Or Has It?

It’s hard to see beyond the Iran war. That’s true of it’s humanitarian, but also of its economic/financial market effects.  Not much has changed in a week besides the rhetoric.  Or at least that’s the case if you look at the four factors that I illustrated in a recent issue of Beyond the News. Oil […]

Beware the Ides of March

Yesterday’s Federal Open Market Committee meeting concluded with no change.  Or did it?  While the committee voted 11 to 1 to keep rates unchanged and released its quarterly Summary of Economic Projections with only modest tweaks, it also came at a time of a significant swing in market sentiment. Point to oil. At this writing […]

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