The Shield: Fixed or Variable? A Recent Fed Policy Change Requires Further Consideration
Erik Kelly
September 4, 2020
Borrowers of long-term debt are always faced with this question: should we borrow on a fixed rate or a variable rate basis? This question arises irrespective of whether the borrowing will occur on a taxable or tax-exempt basis, or whether the borrower is a governmental, non-profit or corporate entity. It is a