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Select Board accepts investment committee recommendation to buy two short-term Treasury notes
Summary
The Select Board approved investing $125,000 each in two U.S. Treasury notes maturing in 2028 and 2029 after the investment committee recommended the purchases to capture current yields above 4%.
The West Bath Select Board accepted the investment committee’s recommendation to purchase two U.S. Treasury notes: $125,000 maturing July 31, 2028, and $125,000 maturing Jan. 31, 2029. Staff reported expected yields in the 4–4.2% range on maturity.
A board member moved to accept the recommendations as presented; the motion was seconded and the board approved the investment recommendations unanimously. The board recorded the investment plan and instructed staff to execute the purchases consistent with the committee’s guidance.
Members noted the purchases were intended to capture current market yields and preserve liquidity for the town.
