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30-Day Average SOFR (Secured Overnight Financing Rate) Chart – Updated Daily

The above chart is the statistics for the 30-day Average Secured Overnight Financing Rate (SOFR), which is updated daily. The 30-day Average SOFR represents a compounded average of the SOFR over a rolling 30-day period, essential for gauging short-term interest rate trends. The Secured Overnight Financing Rate (SOFR) serves as a benchmark interest rate, indicating

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The economic impact of the Panama Canal jam: Inflation and shipping losses

More than 100 cargo ships are waiting to cross the Panama Canal, which has been forced to reduce capacity due to a devastating drought. The backlog could fuel inflation, especially in the United States, and cause huge losses for shipping companies that cross through the strait.

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Barry Sternlicht: ‘Category 5 Hurricane’ Has Come For Commercial Real Estate

New distress opportunities are emerging for commercial real estate players able to weather the current storm, but buyers may need to be able to endure the current fiscal difficulties for longer than some expect, billionaire commercial real estate executive Barry Sternlicht said. “We’re in a Category 5 hurricane,” the Starwood Capital Group founder and chairman said in an interview on Bloomberg this

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CRE Nightmare for CMBS Holders: Office Mortgage Delinquency Rate Has Biggest Six-Month Spike Ever. It’s just the Beginning

After blowing through the pandemic with no more than a squiggle, the delinquency rate of Commercial Mortgage-Backed Securities (CMBS) backed by office properties jumped to 4.5% by loan balance in June, up from 1.6% just six months ago in December 2022, according to Trepp, which tracks and analyses CMBS.

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