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<br />The most current overnight rate was set on December 16, 2008 at 0.00% to .25%. At the end of the third <br />quarter, the City's portfolio consisted of 70% of the portfolio maturing overnight (see graph below), 17% of <br />the City's portfolio matures in 1-12 months, 7% maturing in 12-24 months and 6% maturing in 24-36 <br />months. <br /> <br />By Inve~1ment Maturity <br />. .. <br /> <br />7% 6% <br /> <br /> <br />70% <br /> <br />.Ovemight 01-12Months 1!!112-24Months II 24-36 Months <br /> <br />Currently, the 3-month T-Bill is at .16%; 2-year, at .78%; 5-year, at 2.09%; and, the 20-year is at 4.03% see <br />yield curve below). <br /> <br />Yield Cune <br /> <br />5.00% <br /> <br /> <br />4.00% <br /> <br />3.00% <br /> <br />2.00% <br /> <br />1.00% <br /> <br />0.00% <br /> <br />#<1- <br />~ <br /> <br />ro#' <br /> <br />" ~~ '" "* <br />Treasury Bills <br /> <br /><0"* <br /> <br />~~ <br />,,~ <br /> <br />~~ <br />~ <br /> <br />-3 months ago -current <br /> <br />The overnight rate is currently at 0.00% to .25%. We will continue to focus on laddering the portfolio to <br />maintain a constant cash flow and a liquid position. <br /> <br />2 <br />