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Labor Market Softens

August 7, 2026

August 7, 2026 The July employment report was the week’s dominant story as U.S. employers unexpectedly cut jobs during the

Fed Holds Amid Mixed Signals

July 31, 2026

This week included the much-anticipated Federal Open Market Committee meeting concluding on July 29th. The Federal Reserve held its policy

Treasury Yields Rise on Data

July 24, 2026

July 24th, 2026 A renewed climb in oil prices and firm economic data pushed U.S. Treasury yields to fresh highs

Core Inflation Shows Moderation

July 17, 2026

July 17th, 2026 The week’s marquee economic data releases showed inflation cooling more than expected in June. Headline Consumer Price

Investment Policy Updates for 2026: Changes to California Government Code

Have you incorporated the latest changes to California Government Code (CGC) into your agency’s investment policy?

Changes to CGC occur periodically to refine existing laws or enact new laws. Effective January 1, 2026, Senate Bill 595:

• Amends CGC, Section 5360l(h) to allow for the purchase of prime Commercial Paper (CP) with a maximum maturity of 397 days, previously 270 days.1
• Extends the sunset periods from 202l’s Senate Bill 998 from January l, 2026, to January l, 2031, for (1) commercial paper concentrations up to 40% by Local Agencies with $100 million or more of investable assets and (2) for purchasing United States backed or issued securities that could result in zero or negative interest accrual if held to maturity.

Download our white paper to learn how several CGC updates in recent years could warrant an update to your agency’s investment policy.

 

Holiday Closure Notice:

Chandler will be closed on Friday, July 3 in observance of Independence Day.