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6.00% <br />5.00% <br />4.00% <br />3.00% <br />2.00% <br />1.00% <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 />1/3/23 <br />3/31/23 <br />Cities generally use a short -horizon benchmark such as the two-year Treasury Bill or some similar <br />measure, as of 3/31/23 the two-year T-bill was at 4.06%, down from 4.40% at 1/3/23. Our current <br />portfolio yield is roughly 4.66%. <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 4.683% 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 />