Floating Rate Notes (FRNs)
Bonds with floating – rather than fixed – coupon payments that are linked to a reference interest rate. The interest rate sensitivity or duration of FRNs is typically lower than similar, fixed coupon bonds.
Bonds with floating – rather than fixed – coupon payments that are linked to a reference interest rate. The interest rate sensitivity or duration of FRNs is typically lower than similar, fixed coupon bonds.
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