Market Report:
November 22
The Federal Open Market Committee (FOMC) concluded its October meeting by cutting the federal funds rate by 25 basis points(“bps”), which was largely priced into markets. The yield on the 2-year Treasury note fell four bps to 3.57%. The yield on the benchmark 10-year Treasury fell seven bps to 4.08%. The yield on the 30-year Treasury fell eight bps to 4.65%.
Monthly Economic and Market Commentary
Day to Day Fund
As of 2025-11-17
Day to Day Fund Balance
$1,261,181,414.41
Net Asset Value
$1.00
7 Day Yield
4.07%
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Short-Term Bond Fund
As of 2025-11-17
Short-Term Bond Fund Balance
$677,383,292.54
Net Asset Value
$30.18
30 Day Yield
3.92%
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Sector Allocation
% of Portfolio Assets (04/30/2025)
Commercial Paper
27.77%
Repurchase Agreements
18.57%
Certificate of Deposit
14.51%
Corporates
12.05%
Asset Backed Securities
8.94%
U.S. Treasuries
7.59%
Municipals
6.61%
Govt. Related Securities
3.68%
Coll. Mort. Obl.
0.21%
Money Market
0.08%
U.S. Treasury Notes
32.97%
Corporates
26.07%
Asset Backed Securities
21.09%
Coll. Mort. Obligations
11.84%
U.S. Agency Notes
5.97%
Government Related Securities
0.99%
Your Investment
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