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8D Consent 2017 0905
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8D Consent 2017 0905
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8/28/2017 5:05:09 PM
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CM City Clerk-City Council
CM City Clerk-City Council - Document Type
Agenda
Document Date (6)
9/5/2017
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Portfolio Characteristics <br />City of San Leandro <br />6/30/2017 3/31/2017 <br />Benchmark* Portfolio Portfolio <br />Average Maturity (yrs) 1.86 1.61 1.59 <br />Modified Duration 1.81 1.56 1.54 <br />Average Purchase Yield n/a 1.33% 1.28% <br />Average Market Yield 1.40% 1.45% 1.32% <br />Average Quality** AAA AA+/Aa1 AA+/Aa1 <br />Contributions/Withdrawals 0 <br />Total Market Value 44,969,189 44,842,668 <br />*BAML 1-3 Yr US Treasury/Agency Index <br />**Benchmark is a blended rating of S&P, Moody’s, and Fitch. Portfolio is S&P and Moody’s respectively. <br />Several securities were purchased across the Treasury, Agency and Corporate sectors of the market to extend <br />the maturity profile of the City’s portfolio to be closer to internal targets and the benchmark. The purchased <br />securities ranged in maturity from April 2020 to January 2021. One security was called and four matured to <br />facilitate the new holdings in the portfolio. <br /> <br />15224
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