floating rates bonds
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One area that provides protection against rising rates is floating-rate bonds, notes Ms. Bewick.
WSJ: As Many Stocks and Bonds Get Pricey, It's Time to Play Defense
And Apple sold floating-rate bonds that mature in three and five years at rates of 0.05 and 0.25 percentage point over the three-month London interbank offered rate, an industry benchmark.
WSJ: Apple to Sell $17 Billion in Bonds
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