Institutional money managers around the world will have a new option for tracking U.S. Treasuries.
RBC Capital Markets has introduced the RBC Total Return U.S. Treasury (TRUST) Index, a benchmark index that can be used by both investors and portfolio managers. It is the only U.S. Treasury Index updated on a daily basis, as opposed to other indices that are rebalanced on a monthly or quarterly basis.
RBC TRUST has nine different sub-indices:
- Overall market (contains all maturities across the yield curve)
- 1 to 3 year
- 3 to 5 year
- 5 year and up
- 5 to 7 year
- 5 to 10 year
- 10 year and up
- 15 year and up
- 20 year and up
RBC noted that it is also the only index that covers all points across the yield curve, with issues entering on auction day and exiting daily.