Laserfiche WebLink
<br />The impact of the coronavirus pandemic on the economic markets remains volatile and it may last <br />longer than many expect. The Treasury Yield curve is steepened and has increased in the 1-6 month <br />and 20-30-year terms. Three-month notes are yielding .16%, up from .11% the previous quarter, and <br />the 10-year notes are .66%, down from .70% from the previous quarter. A balanced portfolio <br />allowing for flexibility, safety, and liquidity will be important in these uncertain times. <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, as of the end of June the two-year T-bill was at .16%, down from .23% the previous <br />quarter. Our current portfolio yield is roughly 1.19%. <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 .02% with daily withdrawal privileges. The city continues to <br />prioritize safety and liquidity to maintain a strong diversification portfolio in this market volatility <br />environment. <br /> <br />Attachments <br />Investment summary <br />