More "almost cash", ultra-short bond ETFs are on the way to fill the gaping void left by brokerages for a decent-yielding parking place.
SSgA has filed to launch two new short-
term bond ETFs,
SPDR Lehman 1-3 Mo T-Bill ETF and
SPDR Lehman Short-Term Treasury ETF.
Barclays 1-3 Lehman Treasury ETF (symbol: SHY) has been the closest thing to a "
money fund" ETF to date.