From the February 28, 2021 NCUSIF financial statement:
One T-note purchase for $600 million on February 15 with a fixed yield of .90% for seven years.
This investment extended the NCUSIF’s average weighted duration from 1,184 to 1,243 days, or 3.45 years.
Would your CFO make a fixed-rate seven-year investment at this phase of the economic cycle for your credit union? What would your examiner say?