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A floating rate note (FRN) is a bond whose coupon (interest) goes up and down with market rates.

Q: What is floating rate bond?

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A floating rate note (FRN) is a bond whose coupon (interest) goes up and down with market rates.

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A floating rate note (FRN) is a bond whose coupon (interest) goes up and down with market rates.

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A Floating rate instrument is one in which the rate of returns on the invested amount might vary from time to time. It is not fixed.

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The symbol for Pioneer Floating Rate Trust in the NYSE is: PHD.

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"A fixed rate bond is a bond that has a fixed rate, whereas a floating rate bond can change due to different variables. BNET is a great business resource that will help with learning about fixed and floating rate bonds."

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