Laserfiche WebLink
At the end of the third quarter, the City's portfolio consisted of 58% of the portfolio maturing overnight, <br />2 1 % maturing in 1 year, 19% maturing in 1-2 years and 2% maturing beyond two years. <br />By Investment Maturity <br />®Overnight ®1-12 Months <br />012-24 Months ®24-36 Months <br />Currently, the 3-month T-Bill is at 1.94%; 2-year, at 2.53%; 5-year, at 2.78%; and, the 20-year is at 2.98%. <br />Yield Curve <br />4.00% <br />3.00% <br />2.00% mi iromea'w� <br />1.00% <br />0.00% <br />Treasury Bills <br />®1 year ago .. 3 months ago —current <br />At the June Federal Open Market Committee meeting, the Fed increased the target rate by 25 basis points <br />to 1.75% to 2.00%. Economic growth strengthened in the second quarter of 2018, and the economic outlook <br />remains strong. Indicators remain upbeat based on building inflation and a strengthening labor <br />market. Anticipation is that the Fed will raise rates two more times in 2018 and possibly three times in <br />2019 ending at a 3% rate. While staff continues to monitor rates and economic conditions, the strategy <br />for the portfolio will, as always, focus on laddering to pick up yield along the curve and maintaining a <br />constant cash flow and liquid position. <br />2 Year T-Note <br />8.00% <br />6.00 <br />4.00 <br />2.00 <br />0.00% <br />4b �� & l�` �� OI 1� 1� 1N 1� 1� <br />1°11 Sys 1_ 1-- Sys 1- 1-- 1$ 1- 1-1 �1 1 <br />2 <br />