Returns on short-term cash assets declined slightly in the second quarter, as economic data reflected the economy was growing at a healthy pace. The median return dropped to 5.36%, down from 5.51% at the end of the first quarter, according to the Yanni*Bilkey CA$H universe of short-term asset managers.
Average maturities were extended to 57 days in the second quarter, up from 48 days in the first quarter, to capture the backup in interest rates during the quarter.
