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Information #2 10-18-2021
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Information #2 10-18-2021
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2/14/2022 1:27:19 PM
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Continuing concerns over the spread of the Delta variant along with higher inflation has had a <br />negative impact on consumers' optimism and slowed consumer spending. Treasury yields have <br />increased in the intermediate range from three to ten years and have remained steady in the short <br />and long term. Three-month notes are yielding .04%, down from .05% last quarter, and the <br />10-year notes are 1.52%, up from 1.45%. <br />2.50% <br />2.00% <br />1.50% <br />1.00% <br />0.50% <br />0.00% <br />Treasury Yield Curve <br />1 mo 3 mo 6 mo 1 yr 2 yr 3 yr 5 yr 7 yr 10 yr 20 yr 30 yr <br />6/30/21 <br />9/30/21 <br />Cities generally use a short -horizon benchmark such as the two-year Treasury Bill or some similar <br />measure, as 9/30/21 the two-year T-bill was at .28%, up from .25%. Our current portfolio yield is <br />roughly 2.20%. <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 .01% with daily withdrawal privileges. It is important the city <br />maintains a strong diversified portfolio prioritizing safety, liquidity, and flexibility in this market <br />environment. <br />Attachments <br />Investment summary <br />
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