September Market Update – Persistent Pressure
September Market Update Your three-minute snapshot of the U.S. economy including highlights, indicators, and economic trends and data that matter to public finance officials. Media
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PSDLAF NEWSLETTER | SEPTEMBER 2026
Persistent Pressure
Inflation continues to remain above the Federal Reserve’s 2% target, with persistent price pressures creating a key challenge for policymakers.
In 1982, PSDLAF (The Fund) was created specifically to assist Local Governments (Schools and Municipal Entities) in the Commonwealth of Pennsylvania to help manage their investment needs.
The Fund provides Local Governments multiple investment programs, in accordance with the provisions of the Pennsylvania Intergovernmental Cooperation Act and has maintained Standard and Poor’s (S&P) highest credit rating of AAAm since the foundation of the Fund.
Total assets of the Fund surpassed $8 billion in 2022 (11/23/22).
*Currently PSDLAF MAX Series and GTS for PA Municipal Entities Only are the active Multiple Series of The Fund.
CLASS/SERIES
Daily Rate
7-Day Average Rate
PSDMAX (%)
3.73
3.73
CLASS/SERIES
Daily Rate
7-Day Average Rate
GTS (%)
3.97
3.99
*Daily Rate: The Daily Rate refers to income generated over the previous one day period; the income is then annualized.
*7-Day Average Rate: The 7-Day Average Rate refers to income generated over the previous seven day period; the income is then annualized.
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Please see the PSDLAF Information Statement for complete details on all PSDLAF products and services.
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The above prices, yields, and maturities have been obtained from sources believed to be reliable, but are not necessarily complete and cannot be guaranteed. Price, yields, and availability of specific issues are subject to change.
The rates and returns above represent past performance and should not be viewed as a guarantee of future results. Fund performance changes over time and current performance may be lower or higher than what is stated.
| Daily Yield (%) | 3.7309 |
|---|---|
| YTD Yield (%) | 3.4817 |
| 7-Day Yield (%) | 3.7315 |
| 30-Day Yield (%) | 3.6371 |
| Weighted Average Maturity (To Reset) | 49.0 |
| Weighted Average Maturity (To Final) | 75.0 |
| Daily Dividend | 0.000102218 |
| Daily Yield (%) | 3.9708 |
|---|---|
| YTD Yield (%) | 3.7995 |
| 7-Day Yield (%) | 3.9869 |
| 30-Day Yield (%) | 3.9082 |
| Weighted Average Maturity (To Reset) | 34.0 |
| Weighted Average Maturity (To Final) | 57.0 |
| Daily Dividend | 0.000108788 |
PSDLAF offers investment opportunities that can be customized to coordinate with the cash flow needs of all Settlors. These investment options are available daily and include the Cash Flow Optimization (CFO) Program. Safety, Liquidity, then Yield – a proven PSDLAF investment practice since 1982.
Comprehensive strategy to invest and track bond proceeds. The PSDLAF advantage:
A competitive investment option that is designed to meet the liquidity needs of Pennsylvania Municipal Entities.
Complete banking solution with mandatory state of the art fraud prevention and reconciliation services such as:
The EasyProcure card, a no fee PNC Bank VISA Card, has special customizable features to fit your school’s purchasing activities. Some of the main features are merchant category control; daily, weekly or monthly transaction limits; transaction amount limits and best of all, rebates! Rebates are based on a percentage of total EasyProcure program purchases of all Participants.
September Market Update Your three-minute snapshot of the U.S. economy including highlights, indicators, and economic trends and data that matter to public finance officials. Media
Lancaster, Pennsylvania, August 4, 2026 – PSDLAF, a local government investment pool administered by PTMA, is pleased to announce the appointment of Paul Robinson as
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