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Powershares announced some new fixed-income ETFs, and one seems to be the sort of bond fund that even bond fund haters would like.

Here's what the press release says:

"The PowerShares 1-30 Laddered Treasury Portfolio is based on the Ryan/Mergent 1-30 Year Treasury Laddered Index, which measures the potential returns of the U.S. Treasury yield curve based on approximately 30 equally-weighted U.S. Treasury issues with fixed coupons, scheduled to mature in a proportional, annual laddered structure. The 1-30 Laddered Treasury Portfolio will generally consist of 30 Treasury issues with maturities approximately one year apart, and seeks to replicate the composition and match performance of this index, before fees and expenses. All U.S. Treasury securities are issued by and backed by the U.S. Government. The PowerShares 1-30 Treasury Ladder Portfolio participates only in U.S. Treasuries that have a fixed maturity dates, and no call provisions."
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