WisdomTree’s Flanagan says Treasury FRNs may meet short-duration demand
Amid a global bond selloff, WisdomTree’s Kevin Flanagan says Treasury floating-rate notes could be a “vehicle of choice” for ultra-short/short duration allocations. He cites recent monthly auction demand for two-year FRNs.
0927 ET - Amid the global bond markets rout, Treasury floating rate notes could be "the vehicle of choice to fill ultra-short/short duration allocations" for fixed-income investors, WisdomTree's Kevin Flanagan says in an email.
In the latest monthly auction last week, two-year FRNs had a bid-to-cov…