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Packet 20230417
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10C Consent
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Last modified
10/6/2025 10:08:41 AM
Creation date
5/31/2023 11:56:27 AM
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CM City Clerk-City Council
CM City Clerk-City Council - Document Type
Staff Report
Document Date (6)
4/17/2023
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PERM
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Reso 23-037 2nd qtr investment FY22-23
(Amended)
Path:
\City Clerk\City Council\Resolutions\2023
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Benchmark Disclosures <br />ICE BofA 1-3 Yr US Treasury & Agency Index <br />The ICE BofA 1-3 Year US Treasury &Agency Index tracks the performance of US dollar denominated US Treasury and nonsubordinated US agency debt issued in the US domestic market.Qualifying <br />securities must have an investment grade rating (based on an average of Moody’s,S&P and Fitch).Qualifying securities must have at least one year remaining term to final maturity and less than three <br />years remaining term to final maturity,at least 18 months to maturity at time of issuance,a fixed coupon schedule,and a minimum amount outstanding of $1 billion for sovereigns and $250 million for <br />agencies. <br />As of December 31, 2022 <br />43
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