4/4/25 - Day 2 Stock Market Plunge - Things to Watch
Gonna be an interesting day. Day 2 of stock market plunge. keep an eye on the following indexes 10 Year Treasury - What stabilized deals get purchased on or refinanced - take the number and add 2% (200 bips / bps) https://www.cnbc.com/quotes/US10Y 5 Year Treasury - same as above except some loans uses the 5 years. Same 2% spread https://www.cnbc.com/quotes/US5Y 2 Year Treasury - bridge loan use this for non stabilized deals alot of the time - about 3% (300 bps spread over the 2 year treasury) https://www.cnbc.com/quotes/US2Y SOFR - Distressed deals that need bridge loans use this index - about 3-4% over this number https://fred.stlouisfed.org/series/SOFR