Treasury Index
An index that is used to determine interest rate
changes for certain adjustable-rate mortgage (ARM) plans.
It is based on the
results of auctions that the U.S. Treasury holds for its Treasury bills and
securities or is derived from the U.S. Treasury's daily yield curve, which is
based on the closing market bid yields on actively traded Treasury securities
in the over-the-counter market.
Real Estate Glossary:
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