RBC Capital Markets has launched the RBC Total Return US Treasury Index, a benchmark index for investors in US Treasuries with bonds rebalanced on a daily basis.
The index, also known as RBC Trust, is the only US Treasury index that is updated daily, while other indices are rebalanced on a monthly or quarterly basis.
The results provide portfolio managers, mutual fund managers and investors around the world with a real-time view of the US Treasury.
The index has nine different sub-indices and is the only index that covers all points across the yield curve, with issues entering on auction day and exiting daily.
"By rebalancing daily, the RBC Index differs vastly from existing indices that are rebalanced once per month, and provides a much more accurate and real-time performance measure across the full spectrum of US-issued government bonds," says Ira Jersey (pictured), RBC Capital Markets’ head of US interest rate strategy. "The index will be of great benefit to institutional money managers across the globe who track US Treasuries, as it allows them to update their portfolios daily, and is also very appealing from a research perspective."
