After the January FOMC meeting, the U.S. Treasury (UST) market has now arrived at another milestone. UST floating rate notes are now the highest-yielding Treasury security at 4.85%. This week on the Basis Points podcast, Kevin Flanagan discusses where the markets could go from here, and how our Floating Rate Treasury Fund (USFR) offers investors a means of investing in this space.

Basis point: 1/100th of 1 percent.