iShares Treasury Floating Rate Bond ETF offers safe, near-zero duration cash alternative amid market risks.

The iShares Treasury Floating Rate Bond ETF (TFLO) provides a near-zero duration, floating-rate investment that acts like cash, protecting investors from duration and equity risks. Given current macroeconomic challenges such as rising oil prices, fragile ceasefire talks, and inflation concerns, cash-like positions like TFLO or the slightly higher-yielding FLOT are preferred over equities or long-duration bonds. US tech stocks show stretched valuations with high price-to-earnings ratios, making them vulnerable to market shocks. Both TFLO and FLOT serve as tactical options for investors seeking safety and flexibility in a frothy market environment.