๐ Treasury Yield Updates
5-Yr UST Yield: 3.753%
10-Yr UST Yield: 4.214%
Why is this important?
Private lenders care because this affects:
- take-out risk
- extension risk
- default probabilities
- Typically for every 20 basis point swing, rates will move 1/8th in the corresponding direction. In the last week rates have held steady with no real movement in any direction.
๐ Industry Headlines
๐ What You Should Know (Opinion)
As warm weather approaches, we will see a change in trends. More inventory will turnover, and more people will be inclined to purchase.