This article requires a subscription to view the full text. If you have a subscription you may use the login form below to view the article. Access to this article can also be purchased.
Abstract
Inverse floaters are sometimes characterized by the popular financial press in unfavorable terms, particularly with respect to their reported role in a number of municipal financial crises during the mid–1990s. In this article, the authors show how inverse floaters can be used in conjunction with government bonds and repo leverage to create attractive risk–return profiles and stable income over a wide variety of economic scenario. Inverse floaters can be particularly attractive during periods of steep yield curves.
- © 2000 Pageant Media Ltd
Log in using your username and password
Purchase access
You may purchase access to this article. This will require you to create an account if you don't already have one.
In this issue
The Usefulness of Inverse Floaters
Permalink:
Jump to section
Cited By...
- No citing articles found.