Defease With Ease & Thirty Capital Financial: Updated Look, Same Unmatched Services!

Insights

Thirty Capital Market Update: A Softening Economy

Last week, the majority of new data indicated a softening economy. The 10-year Treasury yield finished down 7 BPS on the week, but it has risen a bit today following a sell off. PCE numbers captured headlines last week, but we also saw softer durable goods and consumer confidence numbers. PCE figures were elevated, and monthly PCE was higher MoM (.4%).

Last week’s TSY auctions went smoothly. The 2-year, 5-year, and 7-year auctions were all received relatively well, and there’s nothing out of the norm to report.

Last week’s focus was on inflationary data, but this week the focus will be on jobs. We have JOLTS on Wednesday and monthly payroll numbers to watch on Friday. The market is expecting a softening of these figures, as January numbers were elevated. Powell is also giving his congressional testimony this week, which could impact markets.

The 1-month SOFR rate remains at 5.32. Nothing seems to be priced into the SOFR markets with regards to this month’s Fed meeting. There are still 3.5 cuts being priced in for the remainder of 2024, but the Fed is expected to hold steady for the time being.

CMBS delinquency rates were up to 4.71% in February, compared to 3.12% a year ago. This is something to monitor because if the trend continues, spreads and average CMBS coupons for new deals are likely to rise as well.

 

 

About Thirty Capital Financial:

Thirty Capital Financial is a leading service provider to the commercial real estate industry. Our team of advisors have spent decades providing solutions for defeasanceinterest rate hedging, and debt management. With our personalized approach, we provide you with the tools, solutions, and strategies to confidently manage debt while supporting the growth of your company. Contact us today to speak with an expert defeasance consultant!

IApartments is an enterprise-level smart apartments platform that turns ordinary apartments into intelligent apartments.

IApartment’s technology automates asset protection, access control, and operational efficiencies for multifamily property owners, managers, and their residents.

INVEST WITH THIRTY CAPITAL

Rent Ready introduces a modern solution to an age-old apartment industry problem.

After a deep dive in the industry, Rent Ready discovered that the make ready process was disjointed, frustrating, and time-consuming. Onsite staff members were scheduling six different services with six different vendors – creating scheduling nightmares along with unexpected challenges and headaches. As a full-service partner for onsite apartment staff, Rent Ready handles the frustration between the move-out and move-in, as a single-source for all turn services: paint, clean, carpet, wall repair, punch, and counter/tub resurfacing.

Request Free Consultation

"*" indicates required fields