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Sanoval County portfolio keeps short-duration stance; book yield 3.85%, advisors report
Summary
Governmental Advisors presented the county's year-end investment report showing a short-duration, high-quality portfolio, a book yield of 3.85%, and over half the portfolio in investments maturing within three months.
Frank McDonnell of Governmental Advisors presented the Sanoval County year-end investment report (as of Dec. 31, 2024), describing a short-duration, high-quality portfolio and noting modest year-over-year gains and tactical positioning for liquidity.
McDonnell said the county's total portfolio is compliant with its investment policy and that the strategy emphasizes…
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