Something’s Up in Texas
Local government investment pools have flourished in Texas and its local governments have benefitted from the highly competitive marketplace that...
The Week After
You can’t ignore the massive market selloff last week, even if cash pools and short-term fixed income portfolios escaped the...
New Bank CD Benchmarks Provide Transparency to The Market
The collateralized CD market has been a black box for public agencies, where useful information on rates has been hard...
The Fed Said Nothing Has Changed Except. . . The Markets Are Happy, for Now.
Sometimes meetings of the Federal Open Market Committee bring great market changes, sometimes not. Yesterday’s meeting was a Not. Bottom...
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
Robust Federal Income Tax Collections Are a Bit of Good News
Early indications are that Treasury’s tax collections this quarter will be ahead of 2024. That would buttress the Treasury’s cash balance and push off the date when the debt ceiling could lead to bond and money market disruption. There had been speculation that weak tax collections would accelerate the debt ceiling doom date to as early as May, but the collection data to date suggest it will now be late summer. Plenty of time for Washington to resolve the matter, if there is a will to do so.
Strong Federal tax collections might also bode well for state and local revenue from 2024 income-based taxes.
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Something’s Up in Texas
The Week After
New Bank CD Benchmarks Provide Transparency to The Market
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