The Federal Reserve kept short-term interest rates at a level of 4.25 percent to 4.5 percent on Wednesday, but the vote saw ...

PFIX utilizes swaptions in order to gain exposure to long-dated 20-year treasury interest rates. In short, a swaption is an option contract that allows the owner to enter into a swap contract.

Short-term interest-rate futures pointed to about a one-in-four chance of a rate cut by the Fed's July 29-30 meeting after the comments at a central banking conference in Sintra, Portugal, up from ...