Yakima City Council Agenda 2026-05-19
Yakima adds $1M IBM investment to portfolio
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Description
The City of Yakima added a $1,000,000 IBM Inc. security to its investment portfolio, maturing May 15, 2029, with a 4.12% yield. The purchase supports the city’s laddered investment strategy over a 3–4-year horizon.
Contract Details
Contract Amount
$1,000,000
Vendor
IBM INC
Agency
City of Yakima, WA
Contract Type
FINANCIAL_SERVICES
Document Date
May 19, 2026
Contract Term
Matures 05/15/2029
Renewal Date
2029-05-15
Renewal Info
Single investment purchase held to maturity on 2029-05-15 unless sold earlier.
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