Recent Posts

Energy Pushes CPI Higher

June 12, 2026 Inflation returned to the center of the market narrative this week as the May Consumer Price Index

Strong Hiring Supports Growth

June 5, 2026 Employment data from this week reinforced that the US labor market remains on solid footing, pushing US

Strong Jobs, Cooling Inflation

May 29, 2026 Constructive comments from the White House on a continuation of the cease fire with Iran supported moderately lower Treasury

Iran Conflict, Oil, Jobs, Rates

The conflict with Iran and elevated oil prices continue to dominate market sentiment. The U.S. proposed a memorandum of understanding

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, June 19 in observance of Juneteenth.