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ADJUSTABLE RATE NOTE (5 Year Treasury Index Rate Caps)THIS NOTE CONTAINS PROVISIONS ALLOWING FOR CHANGES IN MY INTEREST RATE AND MY MONTHLY PAYMENT. THIS NOTE LIMITS THE AMOUNT MY INTEREST RATE CAN
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5 year treasury index is a benchmark rate that measures the yield on U.S. Treasury securities with a maturity of five years.
Individuals or entities required to file the 5 year treasury index include financial institutions and certain government agencies.
To fill out the 5 year treasury index, you need to input the current rate of the 5 year Treasury security as provided by the U.S. Department of the Treasury.
The purpose of the 5 year treasury index is to serve as a reference rate for various financial transactions, such as adjustable-rate mortgages and bonds.
The 5 year treasury index requires reporting of the current yield of U.S. Treasury securities with a maturity of five years.
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