Over forty years of floating fiat currencies, the average American worker has been getting poorer.

FORBES: 40 Years Of Floating Money, 40 Years Of The Average Worker Getting Poorer

That further reduces the average credit quality of remaining borrowers underlying floating rate securities.

FORBES: Are Floating Rate Funds The Wrong Answer To Rising Rates?

It carries a floating interest rate which is currently at about 1.75%, well below the 5.2% average rate on commercial-construction loans by U.S. banks in the fourth quarter, according to Trepp LLC.

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