Cash, liquidity, and payments.
Record money market fund balances sit on a short-end market the Fed has repeatedly had to support, and the September quarter-end repo print is the test treasurers should be writing into policy.
Treasury's GENIUS Act rulebook is now published, the compliance clock is short, and most finance chiefs still have no written position on holding or sending payment stablecoins.
With the long bond above 5.2% and a September Fed cut priced in, treasurers face a steepening curve that breaks the wait-for-cuts refinancing plan most boards approved two years ago.
Operating-account yields and earnings credit rates reprice on the bank's schedule, not yours. The drag rarely shows up in a forecast because almost nobody reconciles the account analysis statement to the rate cycle.
Calendar-year 2025 corporate returns are due on extension in mid-October, but the international provisions CFOs must sign under, from section 898 to section 987, remain proposed rather than final.
Boards are spreading risk oversight beyond the audit committee, leaving finance to reconcile the same numbers for several committees just as the SEC moves toward charging individuals.
CFOs are cutting junior headcount and buying seniority in the 2027 plan, and the hiring market is already pricing in the shortage of leaders that decision creates.