Please note that the Florida Trust will be closed December 24th and 25th in observance of Christmas and January 1 in observance of New Years Day

December 12

In the U.S., the yield on the 2-year Treasury rose 53 basis points (“bps”) over the month to 4.17%. The yield on the benchmark 10-year Treasury rose 50 bps to 4.28%. The yield on the 30-year Treasury rose 35 bps to 4.47%. Markets were subject to volatility given strong economic data reports and expectations tied to the timing and magnitude of the Fed’s path of lower monetary policy, as well as election uncertainty.

Monthly Economic and Market Commentary

Day to Day Fund

As of 2024-12-09

Day to Day Fund Balance

$1,655,137,522.05

Net Asset Value

$1.00

7 Day Yield

4.69%

Details

Short-Term Bond Fund

As of 2024-12-09

Short-Term Bond Fund Balance

$550,311,728.75

Net Asset Value

$28.78

30 Day Yield

4.41%

Details

Payden & Rygel Weekly Update

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
"The Florida Trust is the longest running, member-owned and member-governed local government investment pool in Florida. Along with the Board of Trustees, the Florida Association of Court Clerks and Comptrollers, the Florida Association of Counties, our Investment Advisory Board, and our outstanding partners, I welcome and encourage you to join us where the future is bright-- at the Florida Trust.”
Paula S. O'Neil, Ph.D.
Former Clerk of the Circuit Court and Comptroller Pasco County, Florida