What is CMS 10Year Rate?

linlibj · February 23rd, 2005, 4:22 pm

What exactly is CMS 10Year Rate? Think of 10Year CMS Swap, the floating leg is 10Y Swap rate, is so called CMS 10Y rate the fixed rate which gives zero value to this swap?

Chrispat · February 28th, 2005, 9:34 am

hi linlibj,this forum has many ref to the CMS rate.in just typing "CMS" on the search engine you get plenty of threads from the beginner to the most technical one,rgds,thx