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City reports $5.7B investment pool, negative swap fair value and premarketed airport bonds
Summary
Finance staff reported a $5.7 billion general investment pool yielding about 4.081%, a net paid of $6 million on swap activity for FY25 and a negative fair value on swaps of roughly $75 million; staff also described a recent premarket bond sale for airport subordinate revenue bonds.
City finance officials told the Budget and Fiscal Affairs Committee on July 29 that the general investment pool held approximately $5.7 billion as of June 30 and produced a quarter-over-quarter yield increase to about 4.081 percent. Deputy Controller Will Jones said Fitch reviewed the pool and assigned it a AAA rating.
The controller's office reported swap activity results for fiscal year 2025: the city had a net paid amount of $6 million related to its swaps…
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