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Wednesday, November 22, 2023
 

MANAGING DIRECTOR:
Scott Carrithers
 
PORTFOLIO SALES AND SERVICE:
George Morris • Chris Thompson • Sean Doherty • Kevin Doyle • Mark Tranckino
Natalie Regan • Aaron Stoffer • David Farris • Lonnie Harris • Brian Schaff • Jeff Macy
Josh Kiefer • Robert Schuyler • Tom Toburen •  Todd Czinege

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
11/15/23 5.38 5.41 5.43 5.27 4.91 4.67 4.51 4.55 4.53 4.89 4.69
11/16/23 5.38 5.40 5.40 5.23 4.83 4.58 4.42 4.45 4.43 4.81 4.61
11/17/23 5.38 5.39 5.41 5.24 4.89 4.62 4.44 4.47 4.44 4.80 4.59
11/20/23 5.40 5.40 5.43 5.25 4.91 4.63 4.44 4.46 4.42 4.78 4.57
11/21/23 5.39 5.39 5.44 5.25 4.87 4.59 4.40 4.43 4.39 4.73 4.55

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 11/21/2023.

 

Year-End Portfolio Checklist

There’s just over one month remaining in 2023. When we get to Thanksgiving week, it feels as if the rest of the year flies by. If you haven’t done so already, now would be a great time to formulate a year-end strategy. Like other areas of the balance sheet, the investment portfolio requires substantial reflection, thought and planning. Here are a few ideas to help get you started:
  • Evaluate portfolio for strengths and weaknesses.
  • Consider tax loss harvesting.
    • Depending on the situation, it could make sense for 2023 or even early 2024.
  • If selling bonds, what is the goal?
    • Taking least amount of loss?
    • Lowest take out yields?
  • Repositioning the portfolio into higher book yields utilizing swap scenarios.
  • Check yearly maturity buckets and plug gaps in future cash flows.
  • Formulate a rate bias for 2024.
    • What is your Fed outlook?
      • Use your rate bias for decision making going forward.

It’s important to start thinking about year-end strategies now, while there’s still time left.

Have a Happy Thanksgiving, from the investment team at Country Club Bank.
 



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.

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