Wednesday, June 18, 2025
MANAGING DIRECTOR: Scott Carrithers   PORTFOLIO SALES AND SERVICE: Chris Thompson • Sean Doherty • Mark Tranckino • Brian Schaff Natalie Regan • Aaron Stoffer • David Farris • Jeff Macy  Josh Kiefer • Todd Czinege • Trey Valentine • Cody Kreutziger

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
06/11/25	4.25	4.36	4.29	4.07	3.95	3.92	4.02	4.21	4.42	4.93	4.92
06/12/25	4.19	4.37	4.28	4.06	3.91	3.87	3.98	4.15	4.36	4.86	4.84
06/13/25	4.19	4.36	4.28	4.07	3.95	3.90	4.00	4.19	4.40	4.91	4.90
06/16/25	4.19	4.36	4.30	4.10	3.97	3.93	4.03	4.22	4.45	4.97	4.96
06/17/25	4.18	4.31	4.30	4.10	3.95	3.90	3.99	4.18	4.39	4.91	4.89

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 6/17/2025.
                                                                                                                                                                                      

The first half of the year has brought heightened volatility and uncertainty into our markets. This has caused many decision-makers to further evaluate their strategies across the balance sheet and in the investment portfolio. As many equity portfolio managers preach diversification by investing in many sectors and/or asset types to mitigate risk in an ever-changing market; The same can be a tool to combat interest rate and structure risk in a bond portfolio.

                A properly diversified product mix can weather the storm of evolving economic and geopolitical conditions. As a result, capital appreciation and consistent cash flows can be a driver of strong returns. Many banks have a diversified portfolio in today’s market, having less than 75% of their portfolio in one sector; MBS, Municipal Bonds, and/or Treasury/Agency’s. Below is a map of the percent of banks by state with a diversified bond portfolio using call report data and the criteria listed above.
   

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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