| Wednesday, May 24, 2023 |
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MANAGING DIRECTOR: |
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US Treasury Market |
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| Date | 1 mo | 3 mo | 6 mo | 1 yr | 2 yr | 3 yr | 5 yr | 7 yr | 10 yr | 20 yr | 30 yr |
| 05/17/23 | 5.36 | 5.23 | 5.25 | 4.90 | 4.16 | 3.82 | 3.59 | 3.57 | 3.57 | 3.96 | 3.86 |
| 05/18/23 | 5.34 | 5.24 | 5.33 | 5.00 | 4.26 | 3.92 | 3.69 | 3.67 | 3.65 | 4.03 | 3.91 |
| 05/19/23 | 5.40 | 5.24 | 5.32 | 5.01 | 4.27 | 3.95 | 3.73 | 3.71 | 3.68 | 4.06 | 3.93 |
| 05/22/23 | 5.52 | 5.25 | 5.31 | 5.07 | 4.32 | 3.98 | 3.76 | 3.74 | 3.72 | 4.10 | 3.97 |
| 05/23/23 | 5.54 | 5.27 | 5.35 | 5.09 | 4.32 | 3.99 | 3.74 | 3.72 | 3.70 | 4.09 | 3.95 |
The data in the table above is static as of the time it was pulled, so rates may have changed. Treat all data in this table and PMR as indications only and availability is always subject to change.
This information was pulled manually from sources we believe to be reliable. New source, as of 12/12/2022, Bloomberg, L.L.P. As of: close of business 05/23/2023
Oklahoma Municipal Opportunity
The 2yr Treasury yield has increased 60 bps to 4.28% since the FOMC meeting earlier this month. While there are many variables at play in the markets right now leading to this volatility, we believe there are a number of valuable opportunities in the fixed-income markets.
Below we have highlighted a taxable Oklahoma GO issue. This deal recently came to market and is priced at PAR with a 5.20% coupon. It is non-callable with a 2yr maturity (July 2025):
Below we have highlighted a taxable Oklahoma GO issue. This deal recently came to market and is priced at PAR with a 5.20% coupon. It is non-callable with a 2yr maturity (July 2025):
Canadian County ISD #22 (Piedmont Public Schools), Oklahoma
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Unlimited Tax GO
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Non-callable!
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Yield to maturity: 5.20% (current 2yr treasury @ 4.28%)
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Dollar price: 100.00 (Par)
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Maturity: 07/01/2025
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Federally taxable
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Oklahoma State Tax-exempt
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Rating: Oklahoma #1
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Backed by Ad Valorem Property Tax
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$2,210,000 available
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Settlement date: 07/11/23
Source: Canadian County ISD #22 – Official Statement
This is a great opportunity to add yield to your portfolio. Please reach out to your CCB representative with questions or to discuss further. Keep in mind, the above security is subject to availability and/or changes in price.
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