Yield PRO TV Rate Desk December 2, 2020

December 2, 2020 edition of Yield PRO TV Rate Desk with Michael Thomas. Potential for economic deceleration early 2021 and post‐vaccine expected strong growth. Don’t rely on historically low interest rates indefinitely, lock in those rates now.

Rate Desk notes December 2, 2020
• DIJA, S&P up; NASDAQ down
• Crude $44.96
• UST yields .94
• 223(f) 2.30%
• 221(d)(4) 2.99%
• Fannie 2.99%
• Freddie 3.30%
• Interest rate Q4'21 high forecast: 2.17%; Average: 1.20%
• Potential for economic deceleration
• Post‐vaccine expect strong growth
• Historically low interest rates not indefinitely
• 10YR UST yield up 3x since March lows
• Bridge financing: recourse vs. non‐recourse
• More risk
• Transaction costs