Board approves investment adviser recommendation to roll maturing securities into fixed‑term pools
After an adviser report noting slower job gains and steady bonds, the board voted unanimously to follow the clerk/adviser strategy to roll maturing securities and shift a portion into fixed‑term pools to lock current yields.
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The board heard a brief investment report and voted to authorize the clerk to implement the investment adviser’s recommendation to roll maturing securities and use fixed‑term pools to lock yields.
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