Thursday, August 13, 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 |
| 08/06/20 | 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 |
| 08/12/20 | 0.08 | 0.11 | 0.12 | 0.13 | 0.16 | 0.19 | 0.30 | 0.50 | 0.69 | 1.15 | 1.37 |
Source: U.S. Department of the Treasury, as of 08/12/2020
A More Aggressive Tee Shot
Continuing with yesterday’s golf theme, if the Aaa/AAA Oklahoma City, general obligation bonds featured in the Wednesday Portfolio Managers Report was too conservative a play for some, then perhaps today’s offering will appeal to the longer hitters among our readers.
Country Club Bank Capital Markets Group owns and offers $750,000 of the following security:
Aa3 Sarpy County School District #1, Nebraska TAXABLE general obligations
2.145% due 12-15-2037 @ 2.00% yield to call (2030)
2.05% yield to maturity
The Bellevue School District is located 10 miles south of downtown Omaha and is home to one of the largest military installations in the United States, Offutt Air Force Base.
Although this is a longer and more aggressive tee ball (duration), it is not so long as to keep it from landing safely in the fairway. In addition, with a yield exceeding 2.00%, it sets up well for a potential birdie in a bond world where high quality offerings with a 2.00% or greater yield are becoming increasingly difficult to find.
*subject to prior sale and/or price change, Indication only
A More Aggressive Tee Shot
Continuing with yesterday’s golf theme, if the Aaa/AAA Oklahoma City, general obligation bonds featured in the Wednesday Portfolio Managers Report was too conservative a play for some, then perhaps today’s offering will appeal to the longer hitters among our readers.
Country Club Bank Capital Markets Group owns and offers $750,000 of the following security:
Aa3 Sarpy County School District #1, Nebraska TAXABLE general obligations
2.145% due 12-15-2037 @ 2.00% yield to call (2030)
2.05% yield to maturity
- 10 year call (12/15/2030 @ 100)
- 17 year maturity
- Unlimited tax general obligation
- Dollar price of $101.34
- Bellevue Public Schools
The Bellevue School District is located 10 miles south of downtown Omaha and is home to one of the largest military installations in the United States, Offutt Air Force Base.
Although this is a longer and more aggressive tee ball (duration), it is not so long as to keep it from landing safely in the fairway. In addition, with a yield exceeding 2.00%, it sets up well for a potential birdie in a bond world where high quality offerings with a 2.00% or greater yield are becoming increasingly difficult to find.
*subject to prior sale and/or price change, 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