Risk free treasury bond rates can affect cap rates.

He works for the us treasury department and was out of town on business and isn’t supposed to be back until the 25th.

The one year Treasury is paying .15%. 

The treasury will soon print $2 Trillion in cash.

It may have changed in the last year or so but basically the fed is (or was) buying a higher percentage of the issued treasury bonds now than they did during QE just in the normal practice of rolling their maturing debt.Bottom line is we are in unusual times where interest rates are being manipulated by the fed and other central banks. 

Short-term Treasury bond/note ladders? 

The statutory definition of securities is as follows:The term “security” means any note, stock, treasury stock, security future, security-based swap, bond, debenture, evidence of indebtedness, certificate of interest or participation in any profit-sharing agreement, collateral-trust certificate, preorganization certificate or subscription, transferable share, investment contract, voting-trust certificate, certificate of deposit for a security, fractional undivided interest in oil, gas, or other mineral rights, any put, call, straddle, option, or privilege on any security, certificate of deposit, or group or index of securities (including any interest therein or based on the value thereof), or any put, call, straddle, option, or privilege entered into on a national securities exchange relating to foreign currency, or, in general, any interest or instrument commonly known as a “security”, or any certificate of interest or participation in, temporary or interim certificate for, receipt for, guarantee of, or warrant or right to subscribe to or purchase, any of the foregoing.

I dont have experience in bond financing but in various parts of treasury (debt and capital markerts).

As the cost of capital continues to compress with 10-year fixed rate debt at historic lows of approximately 2.50% and a 10-year US Treasury yield hovering around 0.676%, it is making a lot of math work for lower cap rate opportunities and owners looking to refinance and hold.

Calendar:Wednesday, 11/25: Core PCEWednesday, 11/25: New Home SalesWednesday, 11/25: Durable Goods Weekly Changes:10-year Treasuries: Fell 0.05 pointsDow Jones: Fell 200 pointsNASDAQ: Fell 50 points