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Hilltop Securities tells Farmers Branch council the portfolio is conservative, liquid and positioned for potential rate cuts
Summary
Hilltop Securities presented an economic outlook and city portfolio review: unemployment around 4.3%, headline CPI ~2.5%, portfolio book value about $127 million with a 4.21% yield as of 09/30/2025; staff said the strategy focuses on liquidity and managing rate risk.
Hilltop Securities Asset Management presented an economic overview and a high‑level review of the City of Farmers Branch's investment portfolio during the study session. Finance Director Jay Patel introduced the item as background for upcoming strategic‑planning discussions.
Matt Harris, a portfolio advisor with Hilltop Securities, said the labor market has cooled, citing recent data of about 181,000 net payrolls added (which he described as roughly 15,000 jobs per month) and an…
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