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At the end of the third quart® e City's portfolio consisted of 45% of the portfolio maturing overnight <br />(see graph below). 26% of the City's portfolio matures in one year and 29% of the City's portfolio <br />matures in 12-24 months. <br />~y )<nvestment 1Vgaturity <br />®Overnight D 1-12 Months ~ 12-24 Months <br />Currently, the 3-month T-Bill is at 3.04%; 2 year, at 3.64%; 5 year, at 3.77%; and, the 20-year is at 4.35% <br />(see yield curve below). <br />Yield Curve <br />5.50% <br />4.50% <br />3.50% <br />2.50% <br />1.50% <br />0.50% <br />0 5 10 15 20 <br />®3 Months Ago ° Current <br />The overnight rate is currently at 3.25%. We will continue to focus on laddering the portfolio to maintain <br />a constant cash flow and a liquid position. a.:.:::~- <br />2 Year T-Note <br />12.oo°io <br />lo.oo°i° <br />8.oo°io <br />6.oo°io <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 />2 <br />