Floating rate bond: bond on which the coupon is established periodically and calculated with reference to short-term interest rates.

浮动利率债券：这种债券的息票是定期确定的，并参照短期资金利率来计算。

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Based on the bond market of China, the interest rate sensitivity measurement for fixed and floating rate bonds are studied in this paper. The approaches used are Duration and Convexity respectively.

基于中国债券市场研究了固定利率和浮动利率债券的利率敏感性度量：久期和凸性。

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These bond issuers would rather swap their fixed-rate obligations for floating-rate ones.

债券发行者往往比较愿意将他们的固定利率的债务交换成浮动利率的债务。

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Still, floating-rate bond funds may be the best fixed-income deal available in an environment of rising short-term interest rates.

FORBES: Fixed Income for Bears

Another reason demand for the long bond has been so voracious is that a lot of investment banks still use them to hedge their corporate-bond positions and interest-rate swaps (between fixed- and floating-rate obligations).

ECONOMIST: Bond bombshell

For one thing, it is hard to know how much companies have in fact lengthened the maturity of their debts because the interest-rate swap market allows them to swap those fixed bond payments into cheaper floating debt, a popular strategy in the investment-grade market.

ECONOMIST: Better to feast on cookies than junk bonds