A significant amount of the Fixed-To-Floating Rate Preferred and Baby Bond securities tied to 3-Month Libor are above initial coupon rate when they float. Recent legislation removes risk associated ...
Floating-rate debt outperforms fixed-rate holdings when interest rates are rising, research finds, but be prepared to pivot when they start falling.
Cutting to the chase, we find that 17.5% floating exposure acts to minimise interest rate volatility when compared with a reference of 10yr Fixed. Interest rate costs are also reduced, from 4.5% to ...
Led by the Federal Reserve’s campaign of increasingly large hikes, interest rates have risen meaningfully year-to-date. Conventional wisdom would guide investors to sell fixed income — a reflection of ...
On 12/31/24, NGL Energy Partners LP's 9.625% Class C Fixed-to-Floating Rate Cumulative Redeemable Perpetual Preferred Units (Symbol: NGL.PRC) will trade ex-dividend, for its quarterly dividend of ...
On 9/28/23, US Bancorp's Fixed/Floating Dep Shares Non-Cumul Perp Preferred Stock, A (Symbol: USB.PRA) will trade ex-dividend, for its quarterly dividend of $16.84, payable on 10/16/23. As a ...
Floating rates work well for borrowers who expect income growth or plan to prepay, since lower starting rates magnify long-term savings ...
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