Laserfiche WebLink
<br />The overnight rate set by the Fed has decreased. The most current overnight rate was set on September 18, <br />2007 at 4.75%. At the end of the fourth quarter, the City's portfolio consisted of 63% of the portfolio <br />maturing overnight (see graph below). 5% of the City's portfolio matures in one year and 32% of the City's <br />portfolio matures in 12-24 months. <br /> <br />By Investment Maturity <br /> <br /> <br />I · Overnight <br /> <br />.1-12 Months <br /> <br />o 12-24 Months I <br /> <br />Currently, the 3-month T-Bill is at 4.47%; 2-year, at 4.13%; 5-year, at 4.26%; and, the 20-year is at 4.88% <br />(see yield curve below). <br /> <br />Yield Curve <br /> <br />6.00% <br /> <br />5.00% <br /> <br />~ <br /> <br /> <br />4.00% <br /> <br />3.00% <br /> <br />2.00% <br /> <br />3 mon 6 mon <br /> <br />1 yr <br /> <br />2 yr <br /> <br />5 yr <br /> <br />10 yr <br /> <br />20 yr <br /> <br />Treasury Bills <br /> <br />- 3 months ago - current <br /> <br />The overnight rate is currently at 4.75%. We will continue to focus on laddering the portfolio to maintain a <br />constant cash flow and a liquid position. <br /> <br />2 <br />