Prepared & Presented by the Investment Team of the Pooled Money Investment Board - State of Kansas
Scott Miller, Executive Director & Chief Investment Officer smiller@pmib.ks.gov
Rolling Economic Calendar: "September 21st - October 20th"
Fed Focus: Last Update on 09/22/2021 (Next FOMC Meeting: November 2-3, 2021)
Glossary of "Key" Economic Indicators
For Friday, October 22nd, 2021
U.S. Treasury Securities |
Yield: 10/22/2021 (8:10 AM) |
State of Kansas "Investment Rates" |
Rates: Week of 10/18/2021 |
Kansas "MIP" Fixed-Rate Options |
MIP Rates: 10/22/2021 |
| 1-Mo. T-Bill (11/23/2021) | 0.033 | 1-89
Days |
0.08 | FX-30 (30-89 Days) |
.010% |
| 3-Mo. T-Bill (01/27/2022) | 0.051 |
3-Months
|
0.03 | FX-90 (90-179 Days) |
.020% |
| 6-Mo. T-Bill (04/28/2022) | 0.061 |
6-Months
|
0.04 |
FX-180 (180 Days) |
.030% |
| 1-Yr. T-Bill (10/06/2022) | 0.107 |
1-Year
|
0.09 | FX-365 (365 Days) |
.035% |
| 18-Mo. T-Note (3/2023) | 0.274 | 18-Months | 0.25 |
FX-550 (550-723 Days) |
.040% |
| 2-Yr. T-Note (10/2023) | 0.490 | 2-Years | 0.37 | FX-730 (724-730 Days) |
.050% |
|
FOMC Benchmark Rates (Last Changed on 06/16/2021):
|
||||
|---|---|---|---|---|
|
U.S. Prime Rate ("Best" customers Lending Rate; last change on
3/17/2020): 3.25%
|
||||
Fed Fund Futures (at CLOSE; 10/22/21) |
Dec '21: 99.925 | Feb '22: 99.905 | May '22: 99.820 | |
LIBOR Rates (at OPEN; 10/22/21) |
1-Month: .08575 | 3-Month: .12825 | 6-Month: .17050 | |
U.S. Equity Indices: 10/22/21
Closing Level Daily Change YTD % Return DJIA 35,677.02 +73.94 +16.57% S&P 500 4,544.90 -4.88 +21.00% NASDAQ 15,090.20 -125.50 +17.08%
U.S. Commodity Futures: 10/22/21
Closing Level Daily Change Crude Oil (Per Barrel); Dec Contract 83.76 +1.26 Gold (Per Troy ounce); Dec Contract 1,796.30 +14.40 Reuters/Jefferies CRB Index 237.6778 +1.0806
This material is gathered from various sources and is presented for general information purposes only. The opinions expressed are solely those of the author and are not intended to solicit or initiate any investment action on the part of the reader. In his capacity as the Executive Director & Chief Investment Officer for the Pooled Money Investment Board, Mr. Miller is responsible for the daily investment selection, trade execution, and portfolio management of the Pooled Money Investment Portfolio (PMIP) and the Health Care Stabilization Fund (HCSF). Additionally, he is a member of the investment team that provides investment advice and trade execution for the Kansas Department of Transportation (KDOT) investment portfolio. Mr. Miller has been working in the field of Fixed-Income Investments and Portfolio Management for over 36 years (May, 1983), holds a B.A. in Business Administration, and is a graduate from two American Banking Association Schools; the School of Bank Investments and the School of Financial & Funds Management. Mr. Miller has been working for the State of Kansas (PMIB) for nearly 26 years; hired as Investment Officer (March, 1994); promoted to Senior Investment Officer (November, 1998); appointed Interim Director (March, 2011); promoted to Director of Investments & Chief Investment Officer (May, 2011); and promoted to Executive Director & Chief Investment Officer (June, 2015). Prior to State Service, he spent seven years as the Investment Officer / Portfolio Manager at the lead bank of a six bank group in Nebraska, two years on the Fixed-Income Trading Desk of a large regional broker/dealer in Kansas City (Missouri), and three years at the Central Clearing Facility for the Credit Union System (Overland Park, Kansas) on the Asset/Liability and Fixed-Income Trading Desks. Mr. Miller can be reached at 785-296-7053 or send e-mail to: smiller@pmib.ks.gov