Abstract: A glassy metal alloy consists essentially of the formula CoaNibFecMdBeSifCg where M is at least one element selected from the group consisting of Cr, Mo, Mn and Nb, “a-g” are in atom percent and the sum of “a-g” equals 100, “a” ranges from about 25 to about 60, “b” ranges from about 5 to about 45, “c” ranges from about 6 to about 12, “d” ranges from about 0 to about 3, “e” ranges from about 5 to 25, “f” ranges from about 0 to about 15 and “g” ranges from about 0 to 6, said alloy having a value of the saturation magnetostriction between −3 ppm and +3 ppm. The alloy can be cast by rapid solidification from the melt into ribbon, sheet or wire form. The alloy exhibits rounded or rectangular or sheared B-H hysteresis behaviors in its as-cast condition.