From an investors' point of view, when is the best time to own a floating rate bond?

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Floating rate bonds have coupons that are linked to a benchmark rate (e.g. LIBOR) that resets periodically. As a result, when interest rates rise, the coupon payments on the floating rate bond increase in response, protecting the investor against inflation risk. Therefore, the best time to own a floating rate bond is when interest rates are expected to rise.

From an Investors' Point of View, When Is the Best