Insights

In a market where headline yields are hard to ignore, it’s easy to let a number make the decision for you. A higher rate on an unfamiliar product looks, at a glance, like a simple upgrade. But yield is only part of the story, and increasingly, it may be the part that leads you in … Continued

Each year, Texas municipalities receive significant cash inflows during property tax season, typically between December and March, driven in part by early payment discounts. These inflows often represent a substantial share of annual revenue and create temporary cash surpluses that, when managed strategically, can generate additional interest income while preserving liquidity for essential services such … Continued

Each year, Florida municipalities receive significant cash inflows during property tax season, typically between November and March, driven in part by ad valorem collections and early payment discounts. These inflows often represent a substantial share of annual revenue and create temporary cash surpluses that, when managed strategically, can generate additional interest income while preserving liquidity … Continued

If 2025 felt strange but manageable, 2026 is shaping up to feel different in a more meaningful way. The last few years rewarded simplicity: hold cash, earn solid interest, and rely on assumptions that mostly held from one year to the next. That playbook worked, and now it’s starting to break down. Rates, inflation, politics, … Continued

November marked the end of the longest government shutdown in U.S. history, lasting 43 days, ending with President Trump signing a bipartisan continuing resolution bill to reopen federal agencies and fund operations through January 30, 2026. Even though the shutdown ended mid-month, the volatility and uncertainty carried through November. Intense pressure mounted to resolve the … Continued