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

Fed Easing is No Longer a Central Theme for investors as Possible Fed Tightening Gains Attention

Perhaps it’s an old story today but investors have fully washed Fed easing from their thinking and have begun to incorporate the possibility of tightening late this year or early in 2027.  Inflation will not evaporate immediately, even if the Iran war is ended. Capital requirements for artificial intelligence growth will keep the cost of capital–AKA interest rates–high, and the federal deficit overhangs.   Do term investments have value at these levels? Depends on whether you believe Fed tightening is in the wings.

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Insights

30 Year Treasury in the News: Why it Matters to Short Term Investors

I’ve been watching the yield on the 30-year Treasury closely for the last several weeks even though my main focus is on short-term markets.  That’s because it is sending important signals about changing market conditions that will affect those who invest in cash vehicles, bank deposits and short-term securities whose investment horizon is no longer […]

LGIPs Seek New Markets

Local Government Investment Pools were originally designed to help local governments—you know, cities, counties, school districts, etc.—invest their funds. But times change and enterprising funds seek opportunities to expand their offerings. An interesting example is a new program that the Illinois Treasurer is poised to open for Illinois-based non-profits. The new portfolio will be an […]

A Deluge of T. Bills

  Treasury is about to flood the market with more than $400 billion of Treasury Bills in coming weeks to fill a gap in funding the federal deficit. • This is not a surprise to those who make it their business to know such things, but nevertheless interesting as it evidences the size of the […]

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