Subject: Re: S&P weighs cutting BPG to junk
Apologies for the multiple posts, but this is an important topic.

It also occurred to me that the floating rate is tied to the fed funds rate or LIBOR which means it is basically done going up. Either the Fed is done or there is at most one more rate hike remaining. This means that the damage due to the floating rate increasing is mostly baked in or will be soon.

https://www.cmegroup.com/marke...