General News Category Archives

Senior Housing Community On Nantucket Will Be Renovated, Have Affordability Extended For Perpetuity With $1.5 Million in MassHousing Financing

MassHousing has provided $1.5 million in financing to an affiliate of HallKeen Management. The MassHousing funding will enable HallKeen Management to make renovations to Academy Hill, a 27-unit mixed-income housing community for senior citizens on Nantucket, and to preserve affordability at Academy Hill’s affordable units for perpetuity.

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AARP Foundation Voice-Assisted Tech Grant Apps Due May 31

Innovation: Voice-Connected Communities

Request for Applications | Application Link | Application Deadline: May 31, 2018

AARP Foundation is requesting applications from eligible organizations to develop and implement a project using voice-assisted technology. The purpose of this grant is to inform AARP Foundation’s strategy related to voice-assisted technology. Through this mini-grant, we seek to extend AARP Foundation’s on-going project utilizing voice-assisted technology to facilitate and nurture community in senior housing settings.

Application Deadline: Applications are due May 31, 2018 by 11:59 Eastern time and must be completed online

Information session: 

RFA: Voice-Connected Communities
Tuesday, May 15, 2018
2:00 pm | Eastern Daylight Time (New York, GMT-04:00) | 1 hr

Meeting number: 741 020 038

Meeting password: Password

Add to Calendar

When it’s time, join the meeting.

Join by phone
Call-in toll-free number: 1-866-215-3402 (US)
Conference Code: 434 604 1

Economic and Fixed Income Insights — April 24, 2018

Economic and Fixed Income Insights

Earlier this week, the yield on the 10-year U.S. note hit 3% for the first time since 2014 as investors focused on strong corporate earnings and the prospect of higher inflation. The 10-year yield is a barometer that influences borrowing costs for consumers, corporations and state and local governments. Bond yields have slumped near historic lows in recent years on lower inflation and sluggish economic results. A rise to 3% signifies in part that the US economy is returning to near normal conditions. In other economic news, U.S. new home sales increased 4% from the prior month to a seasonally adjusted rate of 694,000 units.  Housing demand has remained strong in recent months as buyers feel confident in the overall tone of the economy.  As borrowing costs rise, demand will likely fall as the median price of homes, propped up by a supply shortage, is rising faster than wages.  In the bond market, as noted above, the 10-year UST is making headlines, but taxable and tax-exempt rates all along the curve are up significantly.  The 10-year UST was 17 basis points higher for the week, and the long bond was up 16 basis points.  Tax-exempt rates showed similar volatility with the 10-year MMD up 10 basis points and the 30-year MMD up 12 basis points

Interest Rate Observations

 

Source: Thomson Reuters, Bloomberg. The table above reflects market conditions as of April 24, 2018.

Important Disclosures

This material was prepared by Stifel, Nicolaus & Company, Incorporated (“Stifel”). This material is for informational purposes only and is not an offer or solicitation to purchase or sell any security or instrument or to participate in any trading strategy discussed herein. The information contained is taken from sources believed to be reliable, but is not guaranteed by Stifel as to accuracy or completeness. Past performance is not necessarily a guide to future performance. Stifel does not provide accounting; tax or legal advice and clients are advised to consult with their accounting, tax or legal advisors prior to making any investment decision.

Stifel, Nicolaus & Company, Incorporated is a broker-dealer registered with the United States Securities and Exchange Commission and is a member FINRA, NYSE & SIPC. © 2018

Economic and Fixed Income Insights as March 21, 2018

Presented by Stifel, Nicolaus & Company, Incorporated

Economic and Fixed Income Insights

Federal Reserve officials, meeting for the first time under Chairman Jerome Powell, raised the benchmark lending rate 0.25% and forecast a steeper path of hikes in 2019 and 2020, citing an improving economic outlook and rising inflation. The Fed noted that job gains have been strong in recent months; however, household spending have moderated recently.  Existing home sales rebounded in February following two months of decline. According to Bloomberg, existing home sales rose 3.0% in February to a 5.54 million annualized pace. The increase in February followed declines in both December and January. The median and average price of an existing home increased 5.9% and 4.3%, respectively, from February 2017.  The 10-year UST finished 6 basis points higher to yield 2.90% while the 30-year UST finished 3 basis points higher to yield 3.13%.   The 10-year MMD was unchanged at 2.51% while the 30-year MMD finished 3 basis points lower to 3.04%.

Interest Rate Observations

Benchmark Current Previous

Week

(+/-) Change Previous

Year

(+/-) Change
10-Year UST 2.90% 2.84% 6 2.41% 49
30-Year UST 3.13% 3.10% 3 3.02% 11
10-Year MMD 2.51% 2.51% 0 2.30% 21
30-Year MMD 3.04% 3.07% (3) 3.10% (6)
Federal Funds Rate 1.50% 1.50% 0 1.00% 50
1-month LIBOR 1.85% 1.78% 8 0.98% 87
SIFMA 1.22% 1.13% 9 0.79% 43
10-year LIBOR Swap 2.93% 2.89% 4 2.37% 56

Source: Thomson Reuters, Bloomberg. The table above reflects market conditions as of March 20, 2018.

Important Disclosures

This material was prepared by Stifel, Nicolaus & Company, Incorporated (“Stifel”). This material is for informational purposes only and is not an offer or solicitation to purchase or sell any security or instrument or to participate in any trading strategy discussed herein. The information contained is taken from sources believed to be reliable, but is not guaranteed by Stifel as to accuracy or completeness. Past performance is not necessarily a guide to future performance. Stifel does not provide accounting; tax or legal advice and clients are advised to consult with their accounting, tax or legal advisors prior to making any investment decision.

 

Stifel, Nicolaus & Company, Incorporated is a broker-dealer registered with the United States Securities and Exchange Commission and is a member FINRA, NYSE & SIPC. © 2018

 

Economic and Fixed Income Insights as of March 14, 2018

Presented by Stifel, Nicolaus & Company, Incorporated

Economic and Fixed Income Insights

Inflation cooled slightly last month as a decline in gasoline prices kept a lid on price pressures. The consumer-price index, which measures what Americans pay for most goods, increased 0.2% in February after rising a seasonally adjusted 0.5% in January, according to the Labor Department. In other economic news, the Commerce Department reported that retail sales declined for a third straight month as households curbed purchases of cars and other consumer items.  In the bond market, yields have experienced some volatility with divergence in the taxable and tax-exempt trends.  Treasuries trended lower for the week with the 10-year UST and 30-year UST both 5 basis points lower to 2.84% and 3.10% respectively.  In contrast, tax-exempt yields were slightly higher along the curve.  The 10-year MMD finished 4 basis points higher to yield 2.51%, and the 30-year MMD ticked up to 3.07%.

Interest Rate Observations

Benchmark Current Previous

Week

(+/-) Change Previous

Year

(+/-) Change
10-Year UST 2.84% 2.89% (5) 2.49% 35
30-Year UST 3.10% 3.15% (5) 3.11% (1)
10-Year MMD 2.51% 2.47% 4 2.45% 6
30-Year MMD 3.07% 3.05% 2 3.21% (14)
Federal Funds Rate 1.50% 1.50% 0 1.00% 50
1-month LIBOR 1.78% 1.71% 7 0.94% 83
SIFMA 1.13% 1.09% 4 0.71% 42
10-year LIBOR Swap 2.89% 2.90% (1) 2.47% 43

Source: Thomson Reuters, Bloomberg. The table above reflects market conditions as of March 13, 2018.

 

 

Important Disclosures

This material was prepared by Stifel, Nicolaus & Company, Incorporated (“Stifel”). This material is for informational purposes only and is not an offer or solicitation to purchase or sell any security or instrument or to participate in any trading strategy discussed herein. The information contained is taken from sources believed to be reliable, but is not guaranteed by Stifel as to accuracy or completeness. Past performance is not necessarily a guide to future performance. Stifel does not provide accounting; tax or legal advice and clients are advised to consult with their accounting, tax or legal advisors prior to making any investment decision.

 

Stifel, Nicolaus & Company, Incorporated is a broker-dealer registered with the United States Securities and Exchange Commission and is a member FINRA, NYSE & SIPC. © 2018