S&P to launch new U.S. Treasury bond index family with BGCantor

By Marisa Wong

Milwaukee, Dec. 7 - Standard & Poor's announced that it has signed an agreement with BGCantor Market Data LP, a subsidiary of BGC Partners, Inc., to jointly develop a new family of U.S. Treasury indexes.

The new U.S. Treasury bond indexes, which are expected to launch in the first quarter of 2010, will use end of day U.S. Treasury bond pricing from BGCantor Market Data and will be maintained and published by S&P Indices.

"The unprecedented borrowing by the U.S. government, coupled with the current flight to quality dynamics of the domestic marketplace, has created a need for [indexes] that offer investors additional transparency and insight into the government bond market," said James Rieger, vice president at S&P Indices, in a press release.

The new family of U.S. Treasury indexes will initially include the following:

• The S&P/BGCantor Zero-Three Month U.S. Treasury Bill Index;

• The S&P/BGCantor Three-Six Month U.S. Treasury Bill Index;

• The S&P/BGCantor Six-Nine Month U.S. Treasury Bill Index;

• The S&P/BGCantor Nine-12 Month U.S. Treasury Bill Index;

• The S&P/BGCantor Zero-One Year U.S. Treasury Bond Index;

• The S&P/BGCantor One-Three Year U.S. Treasury Bond Index;

• The S&P/BGCantor Three-Five Year U.S. Treasury Bond Index;

• The S&P/BGCantor Seven-10 Year U.S. Treasury Bond Index;

• The S&P/BGCantor 10-20 Year U.S. Treasury Bond Index;

• The S&P/BGCantor 20+ Year U.S. Treasury Bond Index; and

• The S&P/BGCantor U.S. TIPs Index.

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