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Treasurer reports $20 million redeployed into higher-yield securities; year-to-date returns ahead of forecast
Summary
Ada County treasurer staff reported moving $20 million from the LGIP into securities including mortgage-backed purchases that yielded 3.914% and 4.753%, citing 23–45 basis-point advantages versus current Treasury benchmarks and year-to-date investment earnings of about $5.7 million.
The Ada County Treasurer's Office on April 22 told commissioners it moved $20 million out of its LGIP account and had deployed a little over $16 million into higher-yield investments, including mortgage-backed securities.
"We moved $20 [million] out of our LGIP account... We made a few purchases, a couple of purchases here. The first one is a…
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