Last week, the markets digested President Trump’s confidence in securing trade deals, his lack of confidence in Fed Chair Jerome Powell, and a mixed bag of economic news. The S&P 500 finished the week down 1.49%, and the 10-year Treasury retreated about 16 bps, closing the week at 4.33%. While...

FX hedging costs vary across currency pairs. “Cost” from a certain direction of capital flow is in fact a “gain” in the opposite direction.

Last week was another roller-coaster week as markets tried to digest announcements surrounding U.S. trade policy. Cooler inflation reports failed to calm markets even though both CPI and PPI came in below expectations. The S&P 500 finished the week up 5.73% after posting a 9.52% single-day return...

FX volatility poses a growing challenge for treasury and financial teams in today's increasingly unpredictable global landscape. Geopolitical tensions, tariff turmoil, shifting central bank policies, and inflationary pressures are driving currency fluctuations across markets. These fluctuations...

The purpose of this report is to present changes in lending markets across key property types for use in marking debt to market for financial reporting. The Chatham fixed- and floating-rate indices for each property type represent how coupon rates and spreads have changed. For the first quarter...

The tariff announcements on April 2 added clarity to U.S. trade policy. However, the tariffs were more severe than anticipated and sent markets reeling. The S&P 500 declined -9.05%, sending it into correction territory. The 10-year Treasury also declined sharply, closing the week at 4.0%, a...

Chatham sets out its business plan assumptions for Q1 2025. Our latest market update highlights how Q1 market movements, inflation trends, and evolving rate expectations are shaping key business plan assumptions for social housing providers.

Credit spreads shown are averages based on market rate conclusions for independent debt valuations conducted as of March 31, 2025. The market spread for an individual loan may vary based on property and loan characteristics, including, but not limited to, location, tenant profile, cash flow, and...

The forward curve serves as a baseline projection of future interest rates to support investment analysis. Borrowers can use it to evaluate potential costs and returns on investments. While not a precise forecast, forward curves can help borrowers identify potentially advantageous times to...

The Fed dot plot is a visual representation of the projections made by each member of the Federal Reserve regarding the Central Bank's key short-term interest rate.