Glossary · Structure

Floating rate

Also written floater.

Definition

A coupon that resets periodically to a benchmark rate plus a fixed spread, today almost always SOFR. The Floating Rate page tracks every floating-rate preferred and baby bond, fixed-to-floating issue and fixed-rate reset.

Definitions describe how YieldDesk reads the term. Nothing on this page is investment advice or a recommendation to buy, sell or hold.

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