Icap Launches Bond Index, Publishes Index Data on Bloomberg

The broker has designed the new index to outperform stable or rising US Treasury markets.

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Dubbed the Icap Bond Correlated Call US Treasury Index, the index is based on the Icap US Treasury 5-10 Year Maturity Index that the broker developed three years ago, and will publish values daily at 3pm Eastern US time on Bloomberg under the ticker IDXBCTN3.

"With yields at historically low levels and an anticipated rise in US interest rates, products tracking the Icap BCC Index aim to provide investors with higher returns for their fixed income portfolios without reducing diversification or in