Floating Rate Notes: A Hot Corner of the Bond Landscape
August 07, 2018 at 11:47 AM EDT
One of the hottest areas of the fixed income space this year is floating rate notes (FRNs), a theme benefiting exchange traded funds such as the iShares Floating Rate Bond ETF (CBOE: FLOT). Floating rate notes, like the name suggests, have a floating interest rate. Specifically, the notes’ have a...