It stands for constant maturity swap ; a yield curve swap in which one leg is referenced to constant maturity...

A spread that captures the difference between two constant maturity swap (CMS) rates (or indexes) on two different maturities. For...

An interest rate swap in which one leg is pegged to a floating index, e.g., 3-month LIBOR, while the other...

A spread option (an interest rate derivative) that pays a coupon based on the differential between the CMS rate over...