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City reports $302 million investment portfolio, heavy weighting to U.S. Treasuries
Summary
Cash-management officer Susan Brockhouse reported a total portfolio of $302,062,207 as of June 30, with about 75.8% in U.S. Treasury securities, maturities distributed across one to five years, and recent purchases yielding roughly 3.99%–4.17%.
Susan Brockhouse, the city's cash management officer, presented the investment-portfolio report for the quarter ending June 30 and said the total portfolio value was $302,062,207. She described portfolio composition: "75.83% of our investment portfolio is in US treasury securities with 6.55 in US government agency securities, 7.62% in demand deposits, and the remaining 10% in our Missouri securities investment program."
Brockhouse summarized maturities and recent activity: 27.5% of investments mature within one year, 45.1% mature in one to three years, and 27.4% mature in three to five years; four securities matured in the quarter (total par $14,000,000) with yields ranging from about 3.88% to 4.89%, and five new securities were purchased (total par $22,000,000) with yields cited near 3.991%–4.171%. She said the portfolio distribution aligns with the city's investment policy.
