Cash Investments 1 and 2 on Positioning Cash with Rate Turmoil

The USD interest-rate environment has been shocked by the dual prospects of a Fed that will not preempt anticipated recovery with a rate rise and unprecedented fiscal stimulus. Seven standard deviation moves (and higher) have been seen in parts of the curve and yields are back to pre-COVID levels. William Goldthwait, Portfolio Strategist with State Street Global Advisors, will share some insights. With this as a backdrop, members will discuss how they are thinking about investing/positioning their cash and what they have done in response to these recent rate moves and the new fiscal stimulus impact.

NeuGroup for Cash Investment 1 and 2 are two invitation-only groups of senior treasury professionals with responsibilities for treasury investment management at corporates with at least $2.5 billion in excess cash. The groups follow NeuGroup’s time-tested approach for membership peer groups, including facilitated agenda development, benchmarking surveys, and professional networking. Founded in 2004, they have since become the leading forum for peer knowledge exchange on cash investment practices at corporates with the largest cash portfolios.

Interim meetings are meant for members of the specified peer group. These meetings originated in response to Covid-19 to keep members connected virtually in between semi-annual peer group meetings. They have a headline topic or topics presented for discussion, followed by an open forum for additional peer sharing and learning on other items.