Wednesday, August 12, 2020 |
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| MANAGING DIRECTOR: Scott Carrithers PORTFOLIO SALES AND SERVICE: Steve Panknin • George Morris • Jeff Goble • Chris Thompson • Sean Doherty Kevin Doyle • Lonnie Harris • Mark Tranckino • Robert Schuyler • Tom Toburen Josh Kiefer • Nicole Burczyk • Natalie Regan • Aaron Stoffer • David Farris |
| US Treasury Market | |||||||||||
| Date | 1 mo | 3 mo | 6 mo | 1 yr | 2 yr | 3 yr | 5 yr | 7 yr | 10 yr | 20 yr | 30 yr |
| 08/05/20 | 0.08 | 0.10 | 0.12 | 0.12 | 0.11 | 0.13 | 0.22 | 0.39 | 0.55 | 1.00 | 1.22 |
| 08/06/20 | 0.07 | 0.10 | 0.11 | 0.14 | 0.11 | 0.13 | 0.21 | 0.39 | 0.55 | 0.98 | 1.20 |
| 08/07/20 | 0.08 | 0.10 | 0.12 | 0.14 | 0.13 | 0.14 | 0.23 | 0.41 | 0.57 | 1.01 | 1.23 |
| 08/10/20 | 0.09 | 0.11 | 0.13 | 0.13 | 0.14 | 0.15 | 0.24 | 0.42 | 0.59 | 1.04 | 1.25 |
| 08/11/20 | 0.08 | 0.11 | 0.12 | 0.15 | 0.16 | 0.18 | 0.27 | 0.46 | 0.64 | 1.10 | 1.32 |
Source: U.S. Department of the Treasury, as of 08/11/2020
Country Club Bank Owns and Offers
Have you ever played golf with a person who hits it short off the tee and doesn’t look particularly smooth doing it but always finds the ball in the middle of the fairway? At the end of the round when it comes time to settle up the bets at the 19th hole, you’re usually the one having to buy the drinks?
Well, in the investment world, there are bonds like this …. usually shorter maturity, high grade in quality, usually non-callable …. just kind of boring “plain vanilla.” To this point, Country Club Bank Capital Markets Group owns and offers $1,400,000 of the following security:
Aaa/AAA Oklahoma City, Oklahoma TAXABLE general obligations
2.00% due 3-1-2028 @ 1.00% yield with a dollar price of $107.25
* 7.5 year maturity
* Non-callable
* Unlimited tax general obligation
* Pledgeable and state tax exempt in Oklahoma
Compares well to:
* 7 year treasury at .46%
* 7.5 year bullet agency at .75%
* 8 year non-call CDs at .65%
* 7.5 year - 6 month callable agencies at 1.00%
In this low rate environment we don’t always have to look for “birdies.” Sometimes just keeping it in the fairway will make us the leader in the clubhouse.
*subject to prior sale and or price, indication only
Country Club Bank Owns and Offers
Have you ever played golf with a person who hits it short off the tee and doesn’t look particularly smooth doing it but always finds the ball in the middle of the fairway? At the end of the round when it comes time to settle up the bets at the 19th hole, you’re usually the one having to buy the drinks?
Well, in the investment world, there are bonds like this …. usually shorter maturity, high grade in quality, usually non-callable …. just kind of boring “plain vanilla.” To this point, Country Club Bank Capital Markets Group owns and offers $1,400,000 of the following security:
Aaa/AAA Oklahoma City, Oklahoma TAXABLE general obligations
2.00% due 3-1-2028 @ 1.00% yield with a dollar price of $107.25
* 7.5 year maturity
* Non-callable
* Unlimited tax general obligation
* Pledgeable and state tax exempt in Oklahoma
Compares well to:
* 7 year treasury at .46%
* 7.5 year bullet agency at .75%
* 8 year non-call CDs at .65%
* 7.5 year - 6 month callable agencies at 1.00%
In this low rate environment we don’t always have to look for “birdies.” Sometimes just keeping it in the fairway will make us the leader in the clubhouse.
*subject to prior sale and or price, indication only
This information is intended for institutional investors only. The material provided in this document/presentation is for informational purposes only and is intended solely for private use. Past performance is not indicative of future results. This material is not intended as an offer or solicitation for the purchase or sale of any financial instruments.
•Not FDIC Insured •No Bank Guarantee •May Lose Value