Market Report:

February 3

The year ended supported by a risk-on sentiment fueled by ongoing optimism about economic growth and monetary policy. During December, the yield on the 2-year Treasury note fell two eight basis points (“bps”) to 3.47%. The yield on the benchmark 10-year Treasury rose 16 bps to 4.17%. The yield on the 30-year Treasury rose eight bps to 4.84%.

Monthly Economic and Market Commentary

Payden & Rygel Investment Management

Funds professionally managed by Payden & Rygel for 29 years running.

  • "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."
    Hon. Pamela Childers, CPA, CGFO
    Escambia County Clerk of Court
  • “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.”
    Philip J. Borozny, CTP
    Investment Manager Polk County Clerk of Circuit Court & Comptroller

Upcoming Events

23jan12:20 pm12:20 pmBoard of Trustees Meeting

08may12:00 pmFinancial Friday

Sector Allocation

% of Portfolio Assets (04/30/2025)

Commercial Paper

35.67%

Repurchase Agreements

18.05%

Certificate of Deposit

13.49%

Corporates

13.30%

U.S. Treasuries

7.83%

Municipals

5.10%

Asset Backed Securities

4.41%

Govt. Related Securities

1.94%

Coll. Mort. Obl.

0.16%

Money Market

0.06%

Corporates

28.76%

U.S. Treasury Notes

28.46%

Asset Backed Securities

24.34%

Coll. Mort. Obligations

15.90%

Government Related Securities

1.05%

Money Market

0.94%

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