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<br /> <br />The Treasury Yield curve has dipped lower across the curve from March 29, 2019 and steepened <br />across the 1-10 year terms. Credit quality certificates of deposits (CD’s) continue to offer the best <br />investment option. Three-month notes are yielding 2.12% and the 10-year notes are 2.00%. <br /> <br /> <br /> <br /> <br /> <br />Cities generally use a short-horizon benchmark such as the two-year Treasury Bill or some similar <br />measure, currently at 1.75% which is a decrease from 2.27% the previous quarter. Our current <br />portfolio yield is roughly 2.51%, which is greater than the treasury yield benchmark. <br /> <br />Our primary reserve account is our 4M Fund which is a money market account where many cities <br />pool their funds. It currently yields 2.12% with daily withdrawal privileges. The city strives to <br />maintain a strong diversification portfolio so liquidity and exposure risk are reduced. <br /> <br />Attachments <br />Investment summary <br />