Laserfiche WebLink
<br />The overnight rate set by the Fed has decreased. The most current overnight rate was set on April 30, 2008 at <br />2.00%. At the end of the third quarter, the City's portfolio consisted of 94% of the portfolio maturing <br />overnight (see graph below). 6% ofthe City's portfolio matures in 12-24 months. <br /> <br />By Investment Maturity <br /> <br />6% <br /> <br /> <br />94% <br /> <br />. Overnight <br /> <br />. 12-24 Months <br /> <br />Currently, the 3-month T -Bill is at 1.85%; 2-year, at 2.51 %; 5-year, at 3.28%; and, the 20-year is at 4.69% <br />(see yield curve below). <br /> <br />Yield Cur~ <br /> <br />5.00% <br /> <br />1.00% <br /> <br /> <br />4.00% <br /> <br />3.00% <br /> <br />2.00% <br /> <br />0.00% <br /> <br />0<:- 0<:- <br />~~ ro~ <br /> <br />,,~ .,,~ ~~ <br />Treasury Bills <br /> <br />~ <br />,,<:> <br /> <br />~ <br />r6> <br /> <br />-3 rronths ago -current <br /> <br />The overnight rate is currently at 2.00%. We will continue to focus on laddering the portfolio to maintain a <br />constant cash flow and a liquid position. <br /> <br />2 <br />