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Yield Curve <br />3.00% <br />2.00% <br />1.00% <br />0.00% <br />Treasury Bills <br />1 year ago3 months agocurrent <br />On March15, 2017the fed increased the target rate to0.75% to 1.00%. Expectations are that the Fed is <br />likely to increase the rate two more times this year and three times in 2018.The official statement from the <br />March meeting was that economic activity was seen as moderate and job gains were solid. While staff <br />continues to monitor rates and economic conditions,the strategy for the portfolio will,as always,focus on <br />ladderingto pick up yield along the curve and maintaininga 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 />In summary, we will continue to invest the City’s funds in conservative investments, as authorized by the <br />Public Funds Investment Act, always keeping in mind Safety first, and then Liquidity and lastly Yield. <br />3 <br /> <br />