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City hears Redtree update: $8.8 million portfolio, yield about 4.25%; staff told to plan for lower rates
Summary
Redtree Investment Group briefed the Fostoria finance committee on a roughly $8.8 million investment portfolio averaging a 4.25% yield, advising the city to plan for lower interest income as the Federal Reserve signals lower rates through 2026–27.
Ryan Nelson of Redtree Investment Group briefed the Fostoria finance committee on the city’s investment portfolio and economic outlook, saying the portfolio’s value is about $8,800,000 with an average yield near 4.25%.
Nelson said Redtree began advising the city in February 2023 and that US Bank holds the city’s funds as third‑party custodian. He summarized the city’s investment policy—safety of principal, liquidity, and market rate of return—and noted that maximum maturities are generally limited to…
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