Commercial paper (CP) is a high-quality, short-term credit instrument used in money market funds and local government investment pools (LGIP) to enhance portfolio yield, maintain liquidity and diversify holdings. This paper provides an overview of the commercial paper market, examines the different types of commercial paper and describes the role it plays in the portfolio structure of an LGIP.
Geopolitical Risks Drive Market Focus
August 14, 2026 Tension in the Middle East was a persistent theme this week. Negotiations between the US and Iran