31 Mar 2025: Invest in T 3.125% 15Aug2025 at 4.1%

Investment Idea: T 3.125% 15Aug2025 (USD)

Ask Yield: 4.1%

Ask Price: 99.63

Issuer: United States Treasury

Coupon: 3.125%

ISIN: US91282CFE66

Issuer Credit Rating: AA+ (S&P / Fitch)

Bond Credit Rating: AA+ (Fitch)

Outstanding Issue Size: USD 63.6 Billion

S&P (27 Mar 2024): "The stable outlook reflects the US's institutional checks and balances, strong rule of law, and free flow of information that contribute to stability and predictability in economic policies. The resilience of American institutions, its economy, and the size and depth of its financial market sustain the U.S. dollar's status as the world's premier reserve currency and support policy flexibility. Comparatively weak fiscal indicators that continue to constrain the sovereign credit rating offset those strengths."

Why Invest?

1. Weak economic growth

2. Equity market sentiment declining

3. US Federal Reserve to cut interest rates