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As woYkeYs YetuYned to the laboY foYce and the economy YepoYted strong job growth, the <br />unemployTment rate dropped to 3.6%, near the pre-pandemic rate of 3.5%. Booming employTment <br />has pushed hourly earnings up 5.6% over the past yTear. TreasuryT yTields have increased across the <br />board and the dip in the 10-yTear Treasur�T suggests continued inflationar�T pressures and reflect the <br />expectations of fed funds rate increases. <br />� Treasury Yi�ld Cur�e <br />3.00f � - <br />2 .50 % <br />2.00 % <br />1.50 % <br />1.00 f <br />0.50 % <br />0.00 % <br />1 rr�o 3 rno 5 rno 1 yr 2 yr 3 yr 5 yr 7 yr 10 yr 20 yr 30 yr <br />12�31�21 <br />-� E�.� �-,-, <br />Cities generallyT use a short-horizon benchmark such as the t�vo-yTear TreasuryT Bill or some similar <br />measure, as of 3�31�22 the two-year T-bill was at 2.28%, up from .73% at 12�31�21. Our cuYrent <br />portfolio yTield is roughlyT 2.73%. <br />Our primaryT reserve account is our 4M Fund which is a moneyT market account �vhere manyT cities <br />pool their funds. It currently yTields .053% with daily withdrawal privileges. It is important the cityT <br />maintains a strong diversified portfolio prioritizing safetyT, liquidityT, and fle�bilityT in this market <br />environment. <br />Attachments <br />Investment summary <br />