IPAIT FTA Program
Investment Commentary
7-Day Average Yield
DIVERSIFIED: 4.42%
Daily Rate 12/05/2024
DIVERSIFIED: 4.40%
The Iowa Public Agency Investment Trust (IPAIT), started in 1987, provides one daily liquid portfolio; the Diversified Fund, as well as fixed rate investments through the IPAIT Fixed Term Automated (FTA) Program. Our Diversified Fund portfolio is rated ‘AAAm’ under S&P Global Ratings’ principal stability fund ratings.
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Even as IPAIT has grown to over 400 participants, our three investment objectives have remained constant:
1. Safety of Principal 2. Liquidity 3. Yield
Access S&P Global
Ratings
IPAIT Rating Press Release
'AAAm' is the highest principal stability fund rating assigned by S&P Global Ratings.
N E W S L E T T E R
The Federal Reserve cut rates by 0.25% as expected on November 7th, yet 2-year Treasury yields began the month with a continuation of rising yields. Higher yields reflected the market’s belief that the Fed would cut rates less than previously anticipated as well as U.S. Fiscal worries. Continue reading...