Fixed-to-floating
Also written fix-to-float, fixed-to-float.
A coupon fixed until a reset date, then a benchmark plus a spread.
Definition
A coupon that is fixed until a reset date and then floats at a benchmark, usually SOFR, plus a spread. It limits the damage from rising rates once the reset has passed.
Definitions describe how YieldDesk reads the term. Nothing on this page is investment advice or a recommendation to buy, sell or hold.