2024 marks ten years since the issuance of U.S. Treasury (UST) floating rate notes (FRNs) and the launch of our Floating Rate Treasury Fund (USFR). This week on the Basis Points podcast, Kevin Flanagan discusses how USFR seeks to offer a solution for the current and prospective interest rate landscape.

Important Information:

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Basis point: 1/100th of 1 percent.

Treasury floating Rate Notes: a debt instrument with a variable interest rate. The interest rate for an FRN is tied to a benchmark rate. Benchmarks include the U.S. Treasury note rate, the Federal Reserve funds rate—known as the Fed funds rate—the London Interbank Offered Rate (LIBOR), or the prime rate.

Bloomberg US Aggregate Total Return Index: a broad-based flagship benchmark that measures the investment grade, US dollar-denominated, fixed-rate taxable bond market.

Fed Watch: Push It Back, Push It Back, Way Back

Basis PointsBy Basis Points by WisdomTree Asset ManagementMay 01, 2024