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Floating-Rate Loans: The Floor Is In

Mar 09, 2017 / Fixed-Income, Asset Class Research Research Alliance

MainStay Investments: Inflation is inching up, the Federal Reserve appears poised to gradually raise interest rates, and three-month LIBOR now exceeds 1%. Put it all together, and it looks like “the floor is in” on those floating-rate loans that have minimum coupons, according to portfolio manager Art Torrey, who advises MainStay Floating Rate Fund.

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