2 Year Treasury Rate

Example Definitions of "2 Year Treasury Rate"
2 Year Treasury Rate. Means, as of any date of determination, as determined by Lender, the annual percentage yield on U.S. Treasury securities maturing two (2) years from such date of determination (the "Annual Treasury Instrument Yield"). The Lender shall base its determination of the Annual Treasury Instrument Yield on the yield on U.S. Treasury instruments, as published in The Wall Street Journal (or, if The Wall Street Journal is not then being published or if no such reports are then being published in The Wall... Street Journal, as reported in another public source of information nationally recognized for accuracy in the reporting of the trading of governmental securities). If no such instruments mature on the exact second (2nd) year anniversary of such date of determination, the Lender shall interpolate the Annual Treasury Instrument Yield on a straight-line basis using the yield on the instrument whose maturity date most closely precedes the second (2nd) yearly anniversary of such date of determination, and the yield on the instrument whose maturity date most closely succeeds the second (2nd) yearly anniversary of such date of determination. View More Arrow
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