constant maturity


A quoted yield on a fixed financial instrument that compares the instrument to other fixed financial instruments of different maturities. This allows an investor to compare various securities to each other, provided that they have the same maturity date. They are often used when calculating mortgage rates.
Browse Definitions by Letter: # A B C D E F G H I J K L M N O P Q R S T U V W X Y Z
MTA Index CMT Index