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APS investment portfolio yields fall slightly; district largely invested in Treasuries and agencies, staff report

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Summary

At the Feb. 26 finance committee meeting, staff reported a Q2 investment update showing the district’s portfolio primarily in U.S. Treasury and agency securities and a decline in portfolio book yield from 4.8% to 4.41%.

Mark Turnbull presented the district’s second‑quarter investment update at the Feb. 26 finance committee meeting, reporting the portfolio is primarily invested in U.S. Treasury and agency bonds and noting a small decline in book yield.

Turnbull said the book yield decreased from 4.8% to 4.41% for the quarter. Interest earnings for the period…

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