The Summertime Case for Floating Rate Notes (FRNs)

Floating rate notes (FRNs) and related debt gain allure as interest rates rise, confirming a 2021 catalyst for assets like the Invesco Senior Loan ETF (NYSEArca: BKLN). While broad demand for high-yield corporate bond mutual funds has been tepid this year, investors are piling into leveraged loan...
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