WisdomTree Floating Rate Treasury Fund

Treasury floating-rate notes are a young instrument, first auctioned in 2014, and USFR was built to hold them. These are two-year government securities whose coupon resets weekly against the 13-week Treasury bill rate, so the payout climbs as short-term interest rates rise and falls as they drop. That mechanism gives the fund almost no interest-rate risk; the price barely moves when yields swing, which sets it apart from ordinary bond funds that lose value when rates go up. It tracks the Bloomberg U.S. Treasury Floating Rate Bond Index and carries the credit backing of the federal government. Cash managers and conservative investors buy it to earn a money-market-like yield without locking in a fixed rate, treating it as a step up from a savings account when the Fed is holding rates high.

On MyRWA, USFR trades tokenized across 4 on-chain venues - see the listings below.