HomeMy WebLinkAbout03/02/2021 04B January 2021 Investment Transactions ReportB US INE S S O F T HE C I T Y C O UNC IL
YAK I M A, WAS HI NG T O N
AG E ND A S TAT E M E NT
I tem No. 4.B .
F or Meeting of : March 2, 2021
I T E M T IT L E :J anuary 2021 I nvestment Transactions Report
S UB M IT T E D B Y:S teve Groom, Director of F inance and B udget
S UM M ARY E X P L ANAT IO N:
This monthly report is in compliance with R C W 35.39.032 which requires “The responsi ble offi ci al
or committee shal l make a monthl y report of al l i nvestment transacti ons to the city legi sl ati ve
authori ty”. Q uarterly Treasury R eports are provided to City Council, and posted on the city
website, that provide complete position listings, further analysis, economic outlook and strategy
updates.
I T E M B UD G E T E D:NA
S T RAT E G I C P RIO RIT Y:Public Trust and A ccountability
AP P RO V E D F O R S UB M I T TAL B Y T HE C IT Y M ANAG E R
RE C O M M E ND AT IO N:
Review only. S ubmitted for routine transparency and accountability.
AT TAC HM E NT S:
D escr iption Upload D ate Type
Investment Report 2/10/2021 Backup Material
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FINANCE
DATE: February 10, 2021
TO: Mayor and City Council
FROM: Steve Groom, Finance Director
RE: January 2021 Investment Transactions
The investment transactions for January 2021 were:
Matured:
• $2,667,000 Resolution Funding Corp January 15, 2021
Called:
• None
Purchased:
• $2,000,000 FHLB to mature October 17, 2023
During the current market volatility, the range of investment options for 1- to 3- year maturities
during January fluctuated slightly, as the Treasury yield curve ranged between 0.06% to 0.24%.
CDs range from 0.05% to 0.15%. The LGIP has an average weighted maturity of about 50 days,
so its yield (0.13079% at 1/31) has leveled, purchasing investments are now to fill maturity gaps
in a shortened (3-year maturity horizon) ladder to minimize reinvestment risk subject to rates at
any one point in time and hedging against further decreasing rate exposure.
This monthly report of all investment transactions complies with RCW 35.39.032 (“The
responsible official or committee shall make a monthly report of all investment transactions to the
city legislative authority”).
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