• The Interest Rate People

Interest Rates

Treasurys Swaps
10T Forward Rate
Term Last Change Term Last Change Term Last
2 year 2.480% -0.04 2 year 2.506% 2.707% -0.05 1-Yr Fwd 3.02%
3 year 2.608% -0.06 3 year 2.601% 2.793% -0.06 2-Yr Fwd 3.06%
5 year 2.763% -0.06 5 year 2.704% 2.869% -0.06 3-Yr Fwd 3.09%
7 year 2.885% -0.06 7 year 2.760% 2.912% -0.06 4-Yr Fwd 3.10%
10 year 2.931% -0.06 10 year 2.825% 2.966% -0.06 5-Yr Fwd 3.12%
Floating Indices
Term Last Change
1M LIBOR 1.968% 0.01
3M LIBOR 2.319% -0.01
Fed Funds 1.750% 0.00
SOFR 1.740% 0.04

Caps - Percentage of Notional

Term2.50%3.00%3.50%4.00%
1 year0.120%0.100%0.070%0.060%
2 year0.430%0.170%0.110%0.090%
3 year0.990%0.490%0.270%0.170%
4 year1.680%0.920%0.540%0.350%
5 year2.430%1.450%0.920%0.620%

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

Economic Data

Time (ET)ReportForecastPrevious
Tuesday, May 29
10:00 AMConf. Board Consumer Confidence128.0128.7
10:30 AMDallas Fed Manf. Activity23.021.8
Wednesday, May 30
7:00 AMMBA Mortgage Applications---2.6%
8:15 AMADP Employment Change190k204k
8:30 AMWholesale Inventories MoM0.5%0.3%
8:30 AMGDP Annualized QoQ2.3%2.3%
8:30 AMPersonal Consumption1.2%1.1%
8:30 AMGDP Price Index2.0%2.0%
8:30 AMCore PCE QoQ2.5%2.5%
2:00 PMU.S. Federal Reserve Releases Beige Book
Thursday, May 31
8:30 AMInitial Jobless Claims229k234k
8:30 AMContinuing Claims1720k1741k
8:30 AMPersonal Income0.3%0.3%
8:30 AMPersonal Spending0.4%%0.4%%
8:30 AMPCE Core YoY1.8%1.9%
8:30 AM
PCE Core MoM0.1%0.2%
8:30 AMPCE Deflator MoM0.2%0.0%
8:30 AMPCE Deflator YoY2.0%2.0%
8:30 AMChicago Purchasing Manager58.057.6
10:00 AMPending Home Sales MoM0.5%0.4%
Friday, June 1
8:30 AMChange in Nonfarm Payrolls190k164k
8:30 AMChange in Manufact. Payrolls20k24k
8:30 AMUnemployment Rate3.9%3.9%
8:30 AMAverage Hourly Earnings MoM0.2%0.1%
9:45 AMMarkit US Manufacturing PMI56.756.6
10:00 AMConstruction Spending MoM0.8%-1.7%
10:00 AMISM Manufacturing58.157.3
10:00 AMISM Prices Paid77.979.3

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  • “We frequently purchase interest rate caps to hedge our exposure to LIBOR and we always turn to Pensford to accomplish this. They help us negotiate terms with our lender, formulate the ideal strategy, assist with timing, and ultimately obtain the lowest cost possible with the most favorable terms.”

    The Procaccianti Group
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    Biltmore Farms
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