Laserfiche WebLink
At the end of the fourth quarter, the City’s portfolio consisted of 53% of the portfolio maturing overnight, <br />22% maturing in 1 year, 20% maturing in 1-2 years and 5% maturing beyond two years. <br />By Investment Maturity <br />5% <br />20% <br />53% <br />22% <br />Overnight1-12 Months <br />12-24 Months24-36 Months <br />Currently, the 3-month T-Bill is at 2.17%; 2-year, at 2.77%; 5-year, at 2.89%; and, the 20-year is at 3.08%. <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 September Federal Open Market Committee meeting, the Fed increased the target rate by 25 basis <br />points to 2.00% to 2.25%. Economic growth and the labor market continue to remain strong, and consumer <br />confidence remains optimistic. Rate hikes are expected to continue with one more in December of 2018 <br />and three projected in 2019. 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 />2 <br /> <br />