Thirty Capital Market Update: A Fairly Strong Economy

Last week was mostly quiet, with markets being closed on Friday and open in a limited capacity on Thursday. 10-year swap rates finished the week flat, and 2-year swaps rose 7 BPS WoW. The economy seems to be fairly strong, with durable goods figures coming in relatively well on Tuesday.

The highlight of the week was the PCE release, which came out on Friday while markets were closed. Monthly Core PCE came in right on top of expectations at .3%, and the January figure was revised up to 0.5%. Rates have ticked up today, but the market seems to be taking the news well.

There were 3 TSY auctions last week (2’s, 5’s, & 7’s) that were all well received. Last week’s focus was on inflation, but this week will be about jobs. We have JOLTS figures coming in on Tuesday and Nonfarm payroll on Friday. We’ve seen three consecutive months of job growth surpassing 200,000, which is a good sign. The unemployment rate should remain at around 3.8%, assuming there are no surprises with this week’s data.


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.


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