Laserfiche WebLink
At the end of thethirdquarter, the City’s portfolio consisted of 58% of the portfolio maturing overnight, <br />21% maturing in 1 year, 19% maturing in 1-2 yearsand 2% maturing beyond two years. <br />By Investment Maturity <br />2% <br />19% <br />58% <br />21% <br />Overnight1-12 Months <br />12-24 Months24-36 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% <br />1.00% <br />0.00% <br />Treasury Bills <br />1 year ago3 months agocurrent <br />At the JuneFederal Open Market Committee meeting, the Fedincreased the target rate by 25 basis points <br />to1.75%to2.00%. Economic growth strengthened in thesecondquarter of 2018, and the economic outlook <br />remains strong. Indicators remainupbeatbased on building inflation and a strengthening labor <br />market.Anticipation is thattheFe will raise rates two more times in 2018 andpossibly three times in <br />2019endingat a 3% rate. While staffcontinues to monitor rates and economic conditions, thestrategy <br />for the portfolio will,as always,focus on laddering to pick up yield along the curve and maintaininga <br />constant cash flow and liquid position. <br />2Year T-Note <br />8.00% <br />6.00% <br />4.00% <br />2.00% <br />0.00% <br />2 <br /> <br />