Constant Maturity Treasury
What is Constant Maturity Treasury?
Constant Maturity Treasury rates are the interpolated yields based on the yields of the recently auctioned treasury bills, notes, and bonds.
What It Means
CMT rates are calculated by the US Department of Treasury and are published daily on its website. CMT rates are used as an index for a number of Adjustable Rate Mortgage (ARM) loans and Pay Option ARMs.
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