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02-13-2019 Council Packet
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02-13-2019 Council Packet
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Page 19 of 20-Market Risk -Interest Rate Sensitivity -Limited Call Protection -Not a direct obligation of the U.S. government Callable and step-rate GSEs are also: -Subject to Call before Maturity -Step-rate agency securities may pay a below-market rate of interest Certificates of Deposits (CDs) are subject to the following risks: -Secondary Market Risk -Market Risk/Interest Rate Sensitivity -Term/Reinvestment Risk -FDIC Insurance Maximum Coverage Limits Callable and step-rate CDs are also: -Subject to Call before Maturity -Step-rate CDs may pay a below-market rate of interest Mortgage-Backed Securities are subject to the following risks: -Prepayment Risk -Interest Rate Risk -Spread Risk Treasury Zeros Zero-coupon bonds do not pay periodic interest. The accrued value of the bonds over time may be subject to federal, state, local and capital gains tax at the time of sale or redemption. Zero-coupon bonds may be more volatile thancoupon-bearing securities in response to interest-rate fluctuations. Principal value may fluctuate if sold prior to maturity. Other call features may exist which could affect yield. Municipal Securities -Fixed income securities are subject to market risk and interest rate risk. -If sold in the secondary market prior to maturity, investors may experience a gain or loss depending on interest rates, market conditions and the credit quality of the issuer. -Income from municipal bonds may be subject to state and local taxes as well as the Alternative Minimum Tax. -Call features may exist that can impact yield. -UBS Financial Services Inc. does not provide tax, legal or accounting advice. Investors should contact their tax advisor regarding the suitability of tax-exempt investments in their portfolio and their accounting advisor to determinethe appropriate accounting treatment. CHRIS HEINEMANCity of Little CanadaDisclaimer (continued...)report as of 02/07/2019
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