Monthly Archives: March 2022

The 10-Year Treasury sits in the upper-3 percent range, with one-month Term SOFR in the low-5 percent zone. The cheapest interest rates for new origination are almost 6 percent, with max leverage agency debt constantly pricing north of that for non-mission executions. CMBS debt for riskier property types, such as [...]

Consecutive months of broad growth encouraging. Households increased their spending across a broad spectrum of stores in May, supporting a 0.4 percent rise in core retail sales. For the second straight month, eight categories registered sales growth, a testament to consumers’ spending power. The addition of 339,000 new jobs last [...]

Walgreens to close 150 stores in the U.S. In a recent announcement, Walgreens revealed its plans to close a total of 150 stores in the U.S. and 300 stores in the U.K., as stated by Walgreens Boots Alliance Chief Financial Officer, James Kehoe. This strategic decision is part of the [...]

Inflation slows to 27-month low. The headline consumer price index rose by 4.0 percent year-over-year in May, less than half the 9.1 percent pace recorded last June. While consumer prices are still rising more rapidly than the Federal Reserve prefers, the cool down from peak levels encouraged officials to hold [...]