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Ada County treasurer reports roughly 4.0% portfolio yield, cites market volatility and recent Ginnie Mae purchase
Summary
Treasurer Beth Mahn told the board the county portfolio is diversified, yields about 4.019% to maturity and the county recently purchased a Ginnie Mae mortgage-backed security; staff emphasized safety, liquidity and yield amid volatile Treasury movements.
Ada County Treasurer Beth Mahn briefed the Board of Commissioners on April 8 about the county’s investment portfolio, saying the overall portfolio yield to maturity is about 4.019 percent and that the county is maintaining a diversified position to preserve safety and liquidity during recent market volatility.
Mahn told commissioners the county’s portfolio holds roughly half of its assets in highly liquid instruments (the Local Government Investment Pool and money markets), allowing the county flexibility to meet obligations and to take…
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