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 second quarter...

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...

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

Although it was a short trading week due to the Fourth of July holiday, there was no shortage of economic data and news. President Trump was able to garner support for the “One big, beautiful bill” and sign the tax and spending bill into law by his self-imposed July 4 deadline. He also continued...

Credit spreads shown are averages based on market rate conclusions for independent debt valuations conducted as of June 30, 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...

Chatham sets out its business plan assumptions for Q2 2025. Our latest market update highlights how Q2 market movements, inflation trends, and evolving rate expectations are shaping key business plan assumptions for social housing providers.

At the 2025 Chatham Financial Client Summit, more than 60 treasury and finance leaders gathered to explore the evolving landscape of economic uncertainty and its implications for capital markets and financial risk management. Held in June, the event featured candid dialogue, data-driven insights,...

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.

The Bank of England (BoE) held Bank Rate steady at 4.25% on 19 June, aligning with expectations as the Bank takes a gradual approach to easing monetary policy. Three of the nine members of the Monetary Policy Committee (MPC) voted for a follow-up 25bps cut, a slightly more dovish vote than the...

On Wednesday, June 18, 2025, the Federal Open Market Committee (FOMC) decided to stay the course, holding Fed Funds at the current target range of 4.25-4.50% with a unanimous vote. Within the FOMC statement, the Fed noted that economic uncertainty has “diminished but remains elevated,” as it...