• The Interest Rate People

Interest Rates

Treasurys Swaps
Floating Indices
Term Last Change Term Last Change Term Last Change
2 year 2.492% 0.00 2 year 2.514% 2.765% 0.00 1M LIBOR 1.898% 0.00
3 year 2.639% 0.00 3 year 2.636% 2.862% 0.01 3M LIBOR 2.362% 0.00
5 year 2.842% 0.01 5 year 2.775% 2.969% 0.03 Fed Funds 1.750% 0.00
7 year 2.979% 0.02 7 year 2.840% 3.014% 0.03 SOFR 1.710% 0.01
10 year 3.031% 0.03 10 year 2.907% 3.061% 0.04
10 Yr Treasury - Forward Implied Rates
1-Yr Fwd 2-Yr Fwd 3-Yr Fwd 4-Yr Fwd 5-Yr Fwd
Interpolated Treasury Curve 3.07% 3.14% 3.18% 3.20% 3.21%
Implied Treasury - Forward Swaps 3.03% 3.05% 3.06% 3.07% 3.08%
Average 3.05% 3.10% 3.12% 3.14% 3.15%

Updated weekly, for indicative purposes only.

Caps - Percentage of Notional

Term2.50%3.00%3.50%4.00%
1 year0.150%0.105%0.100%0.100%
2 year0.450%0.190%0.140%0.110%
3 year1.050%0.560%0.310%0.200%
4 year1.800%1.050%0.620%0.400%
5 year2.600%1.600%1.050%0.700%

Updated weekly, for indicative purposes only. Does not necessarily represent a tradable level.

Markets

Commodities FX Government Bonds
Futures Last Change Currency Last Change Bond Last Change
Brent Crude 73.50 -1.37 USD/CAD 1.284 0.001 German 10-Year Bund 0.631% 0.01
WTI Crude 67.63 -1.06 USD/JPY 109.416 0.592 Japan 10-Year Gov't Bond 0.049% 0.00
Natural Gas 2.79 0.02 EUR/USD 1.217 -0.006 Canada 10-year Gov't Bond 2.340% -0.01
Gold 1323.1 -7.20 GBP/USD 1.393 -0.005
Silver 16.56 -0.16
Copper 3.13 -0.01

Economic Data

Time (ET)ReportForecastPrevious
Monday, April 23
8:30 AMChicago Fed Nat Activity Index0.270.88
8:30 AMMarkit US Manufacturing PMI55.255.6
8:30 AMMarkit US Services PMI54.154.0
8:30 AMMarkit US Composite PMI--54.2
10:00 AMExisting Home Sales MoM0.2%3.0%
Tuesday, April 24
9:00 AMFHFA Housing Price Index MoM0.6%0.8%
10:00 AMNew Home Sales MoM1.9%-0.6%
10:00 AMRichmond Fed Manufact. Index
1615
10:00 AMConf. Board Consumer Confidence126.0127.7
Wednesday, April 25
7:00 AMMBA Mortgage Applications--4.9%
Thursday, April 26
8:30 AM
Initial Jobless Claims230k232k
8:30 AM
Continuing Claims1850k1863k
8:30 AMWholesale Inventories MoM0.6%1.0%
8:30 AM
Durable Goods Orders1.4%3.0%
8:30 AM
Durables Ex Transportation0.4%1.0%
8:30 AMCap Goods Orders Nondef Ex Air0.6%1.4%
8:30 AMCap Goods Ship Nondef Ex Air0.4%1.4%
Friday, April 27
8:30 AMEmployment Cost Index0.7%0.6%
8:30 AMGDP Annualized QoQ2.0%2.9%
8:30 AMPersonal Consumption1.2%4.0%
8:30 AMGDP Price Index QoQ2.2%2.3%
8:30 AMCore PCE QoQ2.5%1.9%
10:00 AMU. of Mich. Sentiment98.0115.0

Twitter Feed

Client Testimonials

  • “We use Pensford as our strategic partner for interest rate risk management. They help us consider the benefits and risks associated with a variety of hedging strategies. Working together, we identify the appropriate hedging strategy and Pensford oversees the entire hedging process with the bank. Pensford’s involvement keeps the banks honest and provides transparency. This allows us to remain focused on other areas of the loan closing. Our first call when dealing with interest rates is to Pensford.”

    MWest Holdings
  • “Pensford was an important contributor to the success of our IPO. Along with their team at Medalist Defeasance, they were able to terminate six swaps and defease six loans in one day. We were extremely pleased with their expertise and team’s responsiveness.”

    Easterly Government Properties
More Happy Clients

We provide insight, suggestions, and transparency to every transaction, but at all times our clients are in control of the negotiation process.