TFLO - TFLO: Floating Rate Treasuries Could Be The Answer For Your Portfolio Cash Needs
Investment Thesis
Investors continue to abandon almost all forms of credit risk in their portfolios. Even investment-grade bonds are getting hammered as investors reprice risk and begin realizing the inherent risks involved in debt-loaded balance sheets.
Even the money market funds that invest in ultra-short term corporate debt and commercial paper are susceptible to this credit risk. Floating rate Treasuries could be among the safest places for your cash right now.
Background
It shouldn't be surprising that the corporate bond market is starting to implode. Companies have been over-leveraging themselves for years, and a lack