USD Floater Bonds

If you believe US interest rate will go up a lot, you may want to buy floaters instead of normal bonds.

Floating-rate bonds, whose coupons fluctuate as interest rates change, should benefit when the Fed finally begins to raise rates—but not all of them will see immediate gains.

Coupons on investment-grade corporate floaters and Treasury floating-rate notes should rise shortly after the Fed begins raising rates.

What are floaters?
Floaters are a type of bond without a fixed coupon rate. Rather, the coupon is usually based on a benchmark or reference rate, like the three-month London Interbank Offered Rate (Libor), plus a spread. 


Here are some suggestions:

Bank of China Hong Kong Float 14Feb2020
Cust price: 100.70
Coupon: 3 months USD Libor (currently at 1.05) + 0.77%
Moody's: A1
Fitch: A
Coupon is reset quarterly
Next reset is on 14Feb2017

And

Morgan Stanley Float 14Feb2020
Cust price: 101.00
Coupon: 3 months USD libor + 0.80%
Moody's: A3
S&P: BBB+
Fitch: A
Coupon is reset quarterly
Next reset is on 17Feb2017