Inverse Floaters: When Rates Rise
Lecture no. 69 from the course: Crashes and Crises: Lessons from a History of Financial Disasters
Taught by Professor Connel Fullenkamp | 09 min | Categories: The Great Courses Plus Online Economics & Finance Courses
Explore the role that inverse floaters (a floating-rate bond whose interest payments go down, not up, as interest rates rise) played in one of the largest municipal defaults in U.S. history.