As a large proportion of structured notes held by bond funds are inverse floaters with coupon rate linked to US LIBOR, the net value of bond funds declines a lot due to the increases of US LIBOR.

• 另一种类似的策略是由投信业者将手中原有的反浮动利率债券出售给信用连结式定存(或信用连结式债券)的发行银行，再以出售反浮动利率债券的收益向发行银行买进以该反浮动利率债券为连结标的的信用连结式定存(或信用连结式债券) 。