Broadly speaking, fixed income market observers believe the Fed will, at some point this year, lower interest rates. Perhaps even multiple times. Assuming the central bank makes good on that front, it ...
Corporate floating rate notes (FRNs) are often discussed when talking about interest rate risk, but credit conditions also play an important role in shaping returns. While FRN coupons adjust with ...
Returns in floating rate notes are driven by two main components: short-term interest rates and credit spreads. What Drives Returns in Floating Rate Notes? Corporate floating rate notes (FRNs) are ...