constant-maturity swap
Noun
A swap in which one leg is linked to a short-term rate, such as LIBOR, and the other is based on the long-term constant-maturity Treasury bond yield.
Synonym(s):
- yield curve swap.
A swap in which one leg is linked to a short-term rate, such as LIBOR, and the other is based on the long-term constant-maturity Treasury bond yield.
Leave A Comment
You must be logged in to post a comment.