Treasury yields declined again, with the 10-year reaching 5.00%, but wider credit spreads and higher rolling SOFR kept CRE refinance relief uneven. This week’s LakeRock Signal examines what the changing rate environment means for refinance proceeds, DSCR, debt yield, valuation support, maturity risk, and sponsor capital.
Weekly Rate and Capital Markets Signal — October 26, 2026 Read More »
Treasury yields moved lower, but credit spreads widened, rolling SOFR increased, and CMBS special servicing rose to 11.49%. Lower benchmarks may help some transactions, but refinance capacity still depends on sustainable NOI, lender sizing, debt yield, and sponsor capital.
Weekly Rate and Capital Markets Signal — October 19, 2026 Read More »
Treasury yields moved higher again, credit spreads widened, and September CMBS delinquency rose above 8%. With the 10-year Treasury at 5.28% and high-yield OAS at 3.24%, CRE refinance proceeds, DSCR, valuation support, and capital-gap assumptions should be reassessed at current market terms.
Weekly Rate and Capital Markets Signal — October 12, 2026 Read More »
Treasury yields moved higher again, credit spreads widened, and September CMBS delinquency rose above 8%. With the 10-year Treasury at 5.28% and high-yield OAS at 3.24%, CRE refinance proceeds, DSCR, valuation support, and capital-gap assumptions should be reassessed at current market terms.
Weekly Rate and Capital Markets Signal — October 05, 2026 Read More »
Treasury yields moved materially higher this week, with the 10-year reaching 5.17%, the 30-year 5.49%, SOFR rising to 3.705%, and high-yield spreads widening. CRE refinance capacity, DSCR, valuation support, and capital-gap assumptions should be rerun at the current curve.
Weekly Rate and Capital Markets Signal — September 28, 2026 Read More »
The Fed raised rates 25 basis points, prime moved to 7.00%, the 10-year closed above 5%, and CMBS special servicing jumped to 11.42%. CRE refinance math remains tight even as corporate credit spreads stay orderly.
Weekly Rate and Capital Markets Signal — September 21, 2026 Read More »
Treasury yields moved sharply higher this week, pushing the 10-year near 5% and tightening CRE refinance proceeds, DSCR capacity, and valuation support. With the Fed meeting ahead, underwriting should work at today’s curve and treat future rate relief as upside—not a requirement for execution.
Weekly Rate and Capital Markets Signal — September 14, 2026 Read More »
Treasury yields and corporate credit spreads moved higher, tightening CRE refinance economics while CMBS delinquency and special servicing remain elevated.
Weekly Rate and Capital Markets Signal — September 07, 2026 Read More »
Treasury yields and corporate credit spreads moved higher, tightening CRE refinance economics while CMBS delinquency and special servicing remain elevated.
Weekly Rate and Capital Markets Signal — August 31, 2026 Read More »
Treasury yields and corporate credit spreads moved higher, tightening CRE refinance economics while CMBS delinquency and special servicing remain elevated.
Weekly Rate and Capital Markets Signal — August 24, 2026 Read More »