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$100,000 in FLOT Yields About $4,040. The Catch Is 47% Bank Exposure

$100,000 in FLOT Yields About $4,040. The Catch Is 47% Bank Exposure
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FLOT generates $4,040 annually on $100K with near-zero duration, but 47% of its $9. 28 billion sits in bank-issued debt from JPMorgan, Citigroup, and others. USFR and TFLO strip out all bank credit risk and returned 4.

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