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Rates Update

May 25, 2017  /  In Weekly Market Updates

Last Week's Market Moves: A flattening curve cuts the "cost" of fixing interest rates. The 10T is back below 2.30% and swap spreads are negative. The mid market 10year swap rate is 2.21%, 7bps lower than the Treasury.  3mo Libor is 1.19% and so the 10 year pay-up to fix is 100bps, the 5 year pay-up is 70bps. FOMC minutes show the Fed is ready to hike again and will begin shrinking its balance sheet this year - which will likely lead to higher rates.  Current rates of...
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