Quote:
Originally posted by asphaltgambler
Thanks for the info and the links. I'm still not quite sure how or what the 10 yr treasury bond is/does.
Could you break it down a notch or two further please.
Thanks!
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If you ask this because of ARM's, ARM's are usually tied to other indeces like the 1 yr. Treasury or 6 mos. LIBOR, COFI or COSI. This really only matter around adjustment time. I have a 5 yr. ARM that's tied to the 6 mos. LIBOR. I couldn't care less what the LIBOR does, since I'll sell before my ARM adjusts.