We compute the isotropic gravitational wave (GW) background produced by binary supermassive black holes (SBHs) in galactic nuclei. In our model, massive binaries evolve at early times via gravitational-slingshot interaction with nearby stars, and at later times by the emission of GWs. Our expressions for the rate of binary hardening in the stellar regime are taken from the recent work of Vasiliev et al., who show that in the non-axisymmetric galaxies expected to form via mergers, stars are supplied to the center at high enough rates to ensure binary coalescence on Gyr timescales. We also include, for the first time, the extra degrees of freedom associated with evolution of the binarys orbital plane; in rotating nuclei, interaction with stars causes the orientation and the eccentricity of a massive binary to change in tandem, leading in some cases to very high eccentricities (e>0.9) before the binary enters the GW-dominated regime. We argue that previous studies have over-estimated the mean ratio of SBH mass to galaxy bulge mass by factors of 2 - 3. In the frequency regime currently accessible to pulsar timing arrays (PTAs), our assumptions imply a factor 2 - 3 reduction in the characteristic strain compared with the values computed in most recent studies, removing the tension that currently exists between model predictions and the non-detection of GWs.
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