Fixed to floating (F2F)

Bonds are not available. The Chinese are concerned about their political situation. The Japanese have negative interest rates. They are snapping up the bonds and all that is left for us is not attractive.

So you end up moving to preferreds. But fixed income has inflation as one of its risks. Apparently there is a type of preferred that is tied to an interest rate management. It is still niche, but worth knowing about:
http://blogs.wsj.com/cfo/2013/09/24/fixed-to-floating-deals-make-comeback/