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Treasurer: portfolio yields have climbed; office recommends laddered, lower-risk approach
Summary
Salt Lake County Treasurer presented the semiannual deposit and investment report, noting higher yields after federal-rate increases and recommending a laddered strategy and migration away from callable and floating-rate instruments as markets stabilize.
Salt Lake County Treasurer Sheila Shrivastava told council members Tuesday that the county's investment portfolio has benefited from higher market interest rates and that the office is moving to reduce risk while preserving returns.
In a semiannual report covering Treasury's holdings as of Dec. 31, the treasurer's office described a portfolio approach that includes working with three investment advisers, a mix of U.S. Treasuries, federal-agency securities, corporate notes and FDIC-insured products, and an emphasis on…
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