US Treasury ladder in dollars
A short ladder of US government bonds held in an international account, for investors who want dollar income and dollar-denominated capital.
- Risk level
- Low
- Horizon
- 1 to 5 years
- Currency
- USD
- Income
- Semi-annual coupons
- Issuer
- US Department of the Treasury
- Indicative yield
- 4.38% (1 year) to 4.67% (5 years)
- Rates as of
- 9 Nov 2026
Indicative market rates on the date shown. Rates change daily and your price depends on your broker and the time of purchase. Source: Federal Reserve H.15, Treasury constant maturities
Illustrative only. Not an offer, solicitation or recommendation. Details, availability and eligibility depend on the issuing bank and your jurisdiction.
The idea
Buy US Treasury notes maturing in each of the next few years. The ladder pays dollar coupons and returns dollar principal every year, with the credit quality of the US government.
How it pays
- Fixed coupons, paid twice a year.
- Principal returned at each rung's maturity.
Where rates stand
On 9 Nov 2026 the US Treasury curve was nearly flat across the ladder: 4.38% for 1 year, 4.56% for 2 years, 4.58% for 3 years and 4.67% for 5 years. A flat curve means a short ladder gives up little yield against longer bonds while returning capital every year.
Main risks
- Currency risk for investors who measure wealth in reais: the BRL value moves with the exchange rate.
- Price risk before maturity if US rates rise.
- Tax and reporting: foreign holdings have their own tax and declaration rules in Brazil. Check with a tax advisor.
Who it may suit
Investors who want part of their portfolio in high-quality dollar assets with a predictable schedule.
What we are building
Members will be able to set the amount and the number of rungs and see the maturity schedule and the coupon calendar in dollars and in reais.