Yield PRO TV Rate Desk April 9, 2020

April 9 edition
• Fed: $2.3 trillion loans for midsize businesses, US cities and states
• UST range bound .72-.74 bp
• Fed includes CMBS AAA securities in TALF
• FHA rates
• 223(f) flat 2.60-2.65
• 221(d)(4) 3.30-3.60
• GSE's narrowing average of 10 bp
• Fannie 3.32%
• Freddie 3.40%
• FHA & GSE bids good for 2 minutes
• Commercial MBS 48% of all MF debt ($728 billion)

PRO take away
• Good time to borrow or refinance