- A new benchmark of the dollar-denominated investment grade bond market -

Barclays Capital, the investment banking division of Barclays Bank PLC and publisher of leading broad market bond benchmarks, today announced the launch of the US Aggregate Float Adjusted Index, a new benchmark of the dollar denominated investment grade bond market that excludes Treasuries, agencies and MBS held in Federal Reserve accounts. The new index will be published alongside the firm’s other leading indices, including the Global Aggregate, US Aggregate, Pan European Aggregate and Asian Pacific Aggregate.

With an inception date of July 1, 2009, the new benchmark will offer investors a rules-based market value weighted index as a complementary alternative to the flagship US Aggregate Index, which includes agencies and MBS held in government accounts. The underlying constituents of the US Aggregate Float Adjusted Index will be the same as those of the US Aggregate Index, but net purchases and sales by the Federal Reserve will be excluded from the float adjusted index on a monthly basis, thereby reducing the market value weight of these securities. Sub-indices of the new index will also be available, including a US MBS Float Adjusted Index created specifically for mortgage investors.

“Investors value index and portfolio risk solutions that evolve to support their market perspective,” said Waqas Samad, Head of Index, Portfolio and Risk Solutions at Barclays Capital. “The US Aggregate Float Adjusted Index underscores our continued commitment to innovation and the expansion of our benchmark index family to best meet the needs of our clients."

The Float Adjusted Index family will soon be expanded to other Aggregate Index benchmarks such as the Global Aggregate, Sterling Aggregate and Asian Pacific Aggregate by adjusting for quantitative easing programs and known government holdings in other markets outside of the US. In addition to this new family of standard float adjusted benchmarks, Barclays Capital has expanded its offering of other bespoke broad-based benchmark indices whose index weightings can also be adjusted by user-defined definitions of public float.

About Barclays Capital Indices
Barclays Capital bond market indices are the most widely accepted benchmarks in the asset management industry, used by over 90 percent of US institutional investors, a majority of large European investors and a growing share of Asia-Pacific managers. Barclays Capital Indices can be accessed on Barclays Capital Live and at www.barcap.com/indices.

About Barclays Capital
Barclays Capital is the investment banking division of Barclays Bank PLC. With a distinctive business model, Barclays Capital provides large corporate, government and institutional clients with a comprehensive set of solutions to their strategic advisory, financing and risk management needs. Barclays Capital has offices around the world, employs over 20,000 people and has the global reach, advisory services and distribution power to meet the needs of issuers and investors worldwide. For further information about Barclays Capital, please visit our website: www.barclayscapital.com.

Barclays Capital – the investment banking division of Barclays Bank PLC. Registered in England 1026167. Registered office 1 Churchill Place, London, E14 5HP. Authorised and regulated by the Financial Services Authority and a member of the London Stock Exchange.