The problems in the July jobs report are bigger than one report
The July jobs report was bad, but the context is worse: people leaving the labor force, stubborn inflation and rising bond yields.
Economy
Treasuries rise as falling oil prices ease pressure on Fed
Yields fell across maturities by four to six basis points, with the yield on the two-year note reaching the lowest level since July 20 and the benchmark 10-year yield at 4.62%.
Twenty Reed Smith attorneys stage mass exodus to Benesch
The group is planting a flag for a new structured finance platform and real estate finance team in Miami and is expected to also strengthen Benesch's New York presence with two partners.
Mortgage rates edging closer to the 7% mark
Originators need to keep an eye on the 10-year Treasury yield used in pricing mortgages, which not only broke through 4.6%, climbed above 4.7% on Thursday.
Hyperscalers drag down bond gauges across global markets
The wave of issuance has become a test of credit market depth, while growing unease over the scale of AI spending is hammering the shares of chipmakers and cloud-computing giants.
Budget for 6.3% rates through 2027, Fannie Mae warns
Economists at the government-sponsored enterprise have been lowering their single-family origination volume estimates for several months.
Trump says he won’t sign housing bill
The bill, which passed with wide bipartisan support, will become law at midnight if President Donald Trump doesn't veto it.
Mortgage rates increase behind Iran, inflation worries
A week after falling to its lowest point since mid-May, the 30-year fixed rate mortgage turned higher as the 10-year Treasury rose 15 basis points since June.
Data center refinance supports $520 million in CMBS
The data center is fully leased and is completely occupied by a single hyperscale tenant, which has an AA-' rating, under a long-term lease agreement.
Commerce to acquire boutique middle-market investment bank
The Kansas City bank plans to purchase St. Louis-based Nolan & Associates, adding to its investment banking advisory capabilities.
By
Jasmine Ni
Fannie’s portfolio dips, but duration gap widens
The move may have been related to the government-sponsored enterprise's duration gap but could also have resulted from many other considerations.
Aligned Data Centers raises $1.1 billion
The deal is a master trust and will use its proceeds to repay all outstanding series of notes, not sharing identical collateral of prior issuances.
Fannie, Freddie boost risk to levels that once shook Wall Street
Disclosures from the housing-finance giants show their duration gaps have widened sharply in recent months, leaving their holdings more exposed to rate swings.
Trump abruptly cancels housing bill signing
President Donald Trump said he wouldn't sign the housing bill, which includes several riders aimed at helping community banks, until Congress passes the SAVE Act.
Commercial and multifamily mortgages cross $5 trillion outstanding
The industry association said total multifamily mortgage debt alone increased by $23 billion, or 1% in Q1, representing a $2.32 trillion increase from Q4 2025.
Multifamily homes drive ACRE Credit’s $893 million CLO
All the loans are interest-only during both their initial and extension terms, but third-party secured overnight financing rate (SOFR) cap agreements provide interest rate protection.
United Community to sell a high-achieving equipment-finance unit
CEO Lynn Harton said his Greenville, South Carolina-based bank struggled the past year to keep Navitas from overshooting the limit the bank set for its expanding portfolio, about 10% of total loans.
Mortgage rates resume rise on jobs, inflation data
For the fifth time in the past seven weeks, mortgage rates moved higher, Freddie Mac reported, as consumer prices keep rising due to the Iran conflict.
Inflation fears push some economists to expect rate hike
Over three-quarters of the Wolters Kluwer Blue Chip Economic Indicators panel said the FOMC will ease eventually, but a growing number are now expecting a hike.
Here are the key takeaways from the US CPI report for May
Inflation accelerated again in May as the Iran war pushed up energy prices, outpacing wages for a second straight month. The consumer price index climbed 4.2% from a year earlier.
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