Goldberg B’nai B’Rith Towers is a 302 unit development in Houston, TX.
Inflation continues to cast a long shadow on US Treasury rates as investors increasingly are assuming that inflation is not transitory.
The debate over the debt level increase and a stopgap bill to keep the government open after September 30th have created a volatile investment environment resulting in higher yields.
Global equity markets retreated 1-3% due to concerns with over valuations and Chinese real estate while domestic markets were down 2% due to additional concerns over tapering and the debt ceiling.
The Cascade at Falls Park is a 197 unit project out of Sioux Falls, SD. The 223(f) amounted to $38,020, 500.
Buckhannon Manor is a 142 unit project out of Buckhannon, WV.
Fed Chair Jay Powell announced on Friday that the Fed would begin a reduction of asset purchases starting in late 2021.
The treasury rate opens 2 basis points higher than on Friday and at the same level as last Monday.
Geopolitical tensions sharply impacted US 10 year Treasury yields as we start the week.
Treasuries remain unchanged from the end of last week when robust employment numbers were announced.
The US 10 Year Treasury yields declined since last week based on conflicting lower June construction data and higher July manufacturing employment and pricing.
