- Wasting little time after the scheduling of Treasury's first auction of floating-rate debt, State Street (STT) puts into registration the SPDR Floating Rate Treasury ETF (FLTY). The prospectus is a preliminary one and no fees have yet been disclosed.
- Treasury last week set a date of January 29 for its first auction of floating-rate paper.
- Needless to say, FLTY is as risk-free as it gets from a credit perspective. Moving further out the spectrum, the iShares Floating Rate Bond ETF (FLOT) and the SPDR Investment Grade Floating Rate Bond ETF (FLRN) both own investment grade corporate paper.
Floating-rate Treasury ETF on the way
Nov 12 2013, 09:31 ET