• The Interest Rate People

Interest Rates

Treasurys Swaps
10T Forward Rate
Term Last Change Term Last Change Term Last
2 year 2.595% 0.00 2 year 2.631% 2.828% 0.00 1-Yr Fwd 2.90%
3 year 2.680% 0.01 3 year 2.717% 2.888% 0.01 2-Yr Fwd 2.91%
5 year 2.764% 0.02 5 year 2.763% 2.911% 0.03 3-Yr Fwd 2.92%
7 year 2.850% 0.04 7 year 2.789% 2.926% 0.04 4-Yr Fwd 2.94%
10 year 2.895% 0.05 10 year 2.832% 2.958% 0.05 5-Yr Fwd 2.95%
Floating Indices
Term Last Change
1M LIBOR 2.081% -0.01
3M LIBOR 2.347% 0.00
Fed Funds 2.000% 0.00
SOFR 1.900% 0.00

Economic Data

Time (ET)ReportForecastPrevious
Monday, July 16
8:30 AMEmpire Manufacturing21.025.0
8:30 AMRetail Sales Advance MoM0.5%0.8%
8:30 AMRetail Sales Ex Auto MoM0.3%0.9%
8:30 AMRetail Sales Ex Auto and Gas0.4%0.8%
Tuesday, July 17
9:15 AMIndustrial Production MoM0.5%-0.1%
9:15 AMCapacity Utilization78.2%77.9%
10:00 AMNAHB Housing Market Index6968
Wednesday, July 18
7:00 AMMBA Mortgage Applications--2.5%
8:30 AMHousing Starts MoM-2.2%5.0%
8:30 AMBuilding Permits MoM2.2%-4.6%
2:00 PMUS Federal Reserve Releases Beige Book
Thursday, July 19
8:30 AMInitial Jobless Claims221k214k
8:30 AMContinuing Claims1725k1739k
8:30 AMPhiladelphia Fed Business Outlook21.519.9
8:30 AMLeading Index0.5%0.2%

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Client Testimonials

  • “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
  • “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
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