Market Report:

March 14

In the U.S, the yield on the 2-year Treasury note rose five basis points (“bps”) to 3.52%. The yield on the benchmark 10-year Treasury rose seven bps to 4.24%.adn the yield on the 30-year Treasury rose three bps to 4.87%.

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

23apr2:00 pm3:45 pmFlorida Trust Board of Trustees Meeting

08may12:00 pm1:00 pmFinancial Fridays

Sector Allocation

% of Portfolio Assets (04/30/2025)

Commercial Paper

25.68%

Repurchase Agreements

21.38%

Corporates

16.51%

Certificate of Deposit

12.87%

U.S. Treasuries

8.54%

Asset Backed Securities

7.81%

Municipals

4.49%

Govt. Related Securities

2.42%

Coll. Mort. Obl.

0.17%

Money Market

0.13%

U.S. Treasury Notes

29.78%

Corporates

29.26%

Asset Backed Securities

23.97%

Coll. Mort. Obligations

15.90%

Money Market

0.67%

Government Related Securities

0.32%

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