Market Report:
August 22
In June, economic uncertainty continued to ease, following a peak in April. Financial markets across the board posted gains, from stocks to bonds, in both domestic and international markets. In particular, the U.S. equity market retraced its April drawdown and reached another all-time high in June. U.S. economic data released in June illustrated a resilient economy with solid job growth and moderating inflation. The yield on the 2-year Treasury note fell 18 basis points (“bps”)to 3.72%. The yield on the benchmark 10-year Treasury fell 17 bps to 4.23%. The yield on the 30-year Treasury fell 16 bps to 4.77%.
Monthly Economic and Market Commentary
Day to Day Fund
As of 2025-08-18
Day to Day Fund Balance
$1,296,911,491.08
Net Asset Value
$1.00
7 Day Yield
4.41%
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Short-Term Bond Fund
As of 2025-08-18
Short-Term Bond Fund Balance
$615,132,500.17
Net Asset Value
$29.82
30 Day Yield
4.16%
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"It is my honor to serve as Chair of the Florida Trust – the longest running, member-owned and member-governed local government pool in the state. The Trust has met the investment and diversification needs of local governments all over Florida since its 1991 inception. Nearing its third decade, it continues to provide a great combination of safety, liquidity and yield, in that order."
“The Florida Trust provides local governments with two excellent investment options to manage public dollars safely and effectively. Polk County uses the Florida Trust Day to Day Fund to meet some of our short term investment needs and the Florida Trust Short Term Bond Fund to invest a portion of our core assets. We are pleased with the structure of the funds, the investment strategies used, the high quality of the securities purchased, and the overall level of service provided by Florida Trust staff and Payden & Rygel.”
Upcoming Events
Sector Allocation
% of Portfolio Assets (04/30/2025)
Commercial Paper
28.30%
Certificate of Deposit
17.55%
Repurchase Agreements
15.66%
Asset Backed Securities
10.51%
Corporates
7.97%
U.S. Treasuries
7.85%
Municipals
7.51%
Govt. Related Securities
4.59%
Money Market
0.09%
Corporates
29.48%
U.S. Treasury Notes
28.81%
Asset Backed Securities
24.95%
Coll. Mort. Obligations
13.83%
Money Market
1.65%
Government Related Securities
1.15%
Your Investment
How has your investment grown over time?
