SPDR Bloomberg Investment Grade Floating Rate ETF (FLRN) — ()
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Most U.S. Treasury Prices Slide Since 'Liberation Day'
Published: by:
Sentiment: Negative ()
In recent days, a new headwind is weighing on fixed income securities: a US government budget bill, which is expected to significantly raise an already hefty federal deficit in the …
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About SPDR Bloomberg Investment Grade Floating Rate ETF FLRN
The SPDR Bloomberg Investment Grade Floating Rate ETF seeks to provide investment results that, before fees and expenses, correspond generally to the price and yield performance of the Bloomberg U.S. Dollar Floating Rate Note < 5 Years Index (the "Index")Seeks to provide exposure to debt instruments that pay a variable coupon rate with a fixed spreadSecurities in the Index must have a remaining maturity of more than or equal to one month and less than five years, and $300 million or more of outstanding face valueRebalanced on the last business day of the month