The Latest News:
- The U.S. Treasury recently sold its first floating-rate note offering in 17-years, reports Liz Capo McCormick for Bloomberg.
- The U.S. sold $13 billion floaters at a bid-to-cover ratio, which compares the amount of bids to the amount of securities offered, of 4.67, whereas fixed-rate debt sold this year showed a bid-to-cover of 2.9.
- “Demand has been very strong,” Larry Milstein, managing director of government-debt trading at R.W. Pressprich & Co, said in a separate Bloomberg article. “There certainly has been an underlying positive tone to the Treasury market which has been driven by the geopolitical risk, and also growth in the emerging markets, and China for that matter.”
WisdomTree Bloomberg Floating Rate Treasury Fund
Source: Yahoo! Finance
For past stories in this series, visit our ETF Spotlight category.
Max Chen contributed to this article.