Current 10-Year Treasury Rates: At 4.30%, up 6 basis points from last Monday's 4.24%.
Previous Week's Rates: Interest rates remained relatively stable last week, awaiting the PCE inflation numbers released on Friday, with the 10-year trading in the low-4.20s.
Today's Rate Movement: Treasury rates are 6-10 basis points higher than Thursday's closing levels due to Friday's market closure.
PCE Inflation Report: Friday's PCE inflation numbers met consensus expectations but did not support the case for rate cuts.
February's PCE Inflation Figures: Headline PCE inflation rose by +2.5% year-over-year and +0.3% month-over-month. Core PCE increased by +0.3% for the month.
Inflation Trends: Recent monthly prints indicate an annual inflation pace ranging from 3.25% to 3.50%, posing challenges for the Federal Reserve in considering rate reductions.
About PSRS Founded in 1972, PSRS is a commercial mortgage banking firm that helps real estate investors of all sizes structure and secure financing solutions that align with their investment goals.
