iShares Floating Rate Bond ETF (FLOT)

The Fed's Neel Kashkari believes that it's likely that the Fed will cut interest rates once in 2024, possibly in December.

The U.S. repo market has come under the spotlight in the past couple of days as surging short-term interest rates are causing some stress for overnight funding on Wall Street, reminiscent of the 2019 funding crisis. A repo — or, to give its full name, a repurchase agreement — is an overnight trade in government securities where a dealer sells the securities to investors and buys them back the next day for a slightly higher price. Such trades are typically used to raise short-term capital — the dealer is effectively borrowing money overnight from investors, or lenders. The repo market is an important facet of the short-term funding habits of banks, and stresses in the market started showing up last month following the surge in bond buying in November as increased demand for short-term repo ...Full story available on Benzinga.com

Retirees have few choices when it comes to maintaining their purchasing power without taking on more risk