Market Vectors: Treasury FRNs: A Cash Management Alternative, but Will They Meet Yield Appetite
April 30, 2014 at 06:30 AM EDT
This year’s introduction of the U.S. Treasury’s floating rate notes (FRNs), which may help investors limit interest rate risk without credit risk, are currently yielding, on average, approximately 0.10%, as of April 23, 20141. For investors seeking the low interest rate sensitivity found with FRNs,...