Banks vs. LGIPs: The Saga Continues
Banks don’t like local government investment pools. Except for those banks that provide investment management,...
Move to Expand Deposit Insurance Gains Momentum
A proposal to increase federal bank deposit insurance to $10 million on non-interest-bearing transaction accounts...
Where Next? A Review of Recent Investment Performance
Short/intermediate term fixed income portfolios have had strong returns recently. For the past 18 months...
Sell America, Buy Gold
That’s a headline that is bound to grab eyeballs, but is there truth to it?...
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
Big Week, Little Change
A flood of news last week had the potential to yield big moves in short-term markets. At the end of the week, though, the Federal Open Market Committee meeting, President Trump’s naming of Kevin Warsh as his nominee to chair the FOMC, the usual ups and downs in tariffs land and coming of another (short-term?) government shutdown had almost no effect on rates. LGIP yields were unchanged on the week Further out the curve one-and two-year Treasury yields declined modestly. Why is not clear. The FOMC statement at the end of the meeting, higher than expected producer inflation data and continued evidence that the economy remained on a growth path could mean future cuts were likely to be further out in time and more modest in size. But investors pushed 12-and 24-month rates lower by four and seven basis points respectively. Go figure.
About Public Funds Investment Institute
We’re an independent nonprofit dedicated to informing, educating, and advocating for the $4 trillion investor community. Subscribe for research, weekly updates, best practices recommendations, and networking opportunities.
Insights
Banks vs. LGIPs: The Saga Continues
Move to Expand Deposit Insurance Gains Momentum
Where Next? A Review of Recent Investment Performance
Stay informed and ahead of market changes.
“Beyond the News” is our weekly publication, the “Dashboard” provides timely investment market data, and Research Notes provides in-depth analysis.
When you subscribe, you will receive email notices when we post news and research Insights. We respect your privacy – we will never sell or share your information, nor send you promotional or marketing emails.