Yes,..Floating rate Bonds are THE place to BE,.. in a rising interest rate environment, but the share price MAY take a "hit" if the Stock Market goes down a lot, as during the "crash"
But Dividends seem to keep going UP as you can see by the charts during the 2000-2006 weekly 7 year chart period (when rates were higher). When the "tide goes OUT" everything goes with it,..seems like! I'm LONG,.. JFR, JQC, JRO, PPR, and PFN (just sold as premium got too high). GOOD LUCK all!