| Ten-Year Treasury Constant Maturity |
| By Bankrate.com |
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Month ago |
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Ten-Year Treasury Constant Maturity
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4.00 |
3.98 |
5.10 |
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What it means:
An index published by the Federal Reserve Board based on the average
yield of a range of Treasury securities, all adjusted to the equivalent
of a 10-year maturity. Yields on Treasury securities at constant maturity
are determined by the U.S. Treasury from the daily yield curve. That
is based on the closing market-bid yields on actively traded Treasury
securities in the over-the-counter market.
How it's used:
This figure is used as a reference point to establish the price of
other securities such as corporate bonds. Treasury securities are
considered risk-free since they are backed by the U.S. government.
This figure, and an added margin based upon the risk involved, is
used in pricing various debt securities.
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