Constant Maturity

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Constant Maturity

Describing all bonds with a maturity on a certain date. This is used to help compare the yields on Treasury, corporate, and other bonds. Mortgage banks also use constant maturity yields to help them determine interest rates on mortgages. Most often, the Federal Reserve provides constant maturity quotes to investors.
References in periodicals archive ?
Treasury security yields 3-month Constant maturities (2) bills (new Period issues) (1) 3-year 10-year 30-year 1998 4.
25 percent and, when the property's occupancy has stabilized, has an additional option to convert all or a portion of the debt to a fixed rate at a pre-determined spread over Treasury Constant Maturities.
2) Yields on actively traded issues adjusted to constant maturities.