You are on page 1of 1

704-887-9880 office jp.conklin@pensfordfinancial.com www.pensfordfinancial.

com RATES Treasury Rates 3 month 6 month 1 year 2 year 3 year 5 year 7 year 10 year 30 year Swaps - Monthly Money* Maturity 1 year 2 year 3 year 5 year 10 year Monday, April 7th, 2014
1-month LIBOR Forward Curve

04/14

07/14

04/15

07/15

01/16

10/16

04/17

07/17

10/17

04/18

07/18

10/14

01/15

10/15

04/16

07/16

01/17

01/18

10/18

spot 0.19% 0.44% 0.88% 1.65% 2.70%

1-year 1.5-year 2-year forward forward forward n/a n/a n/a 0.70% 0.91% n/a 1.23% 1.48% 1.77% 2.03% 2.26% 2.49% 3.00% 3.17% 3.33%

*monthly money assumes monthly payments, 1-month LIBOR floating index, ACT/360 daycount conventions, interest-only, and modified following business day adjustments

Caps - Percentage of Notional* 1 year 2 year 3 year 4 year 5 year

1.00% 0.350% 0.450% 1.500% 3.250% 5.500%

2.00% 0.250% 0.350% 0.900% 2.000% 3.550%

3.00% 0.200% 0.300% 0.600% 1.250% 2.300%

4.00% 0.170% 0.250% 0.400% 0.800% 1.550%

*cap premiums represented as a percentage of the original notional amount; assumes monthly payments, 1-month LIBOR, interest only, and ACT/360

6.0% 5.0% 4.0% 3.0% 2.0% 1.0% 0.0%

Cap Cost
1. 00%

01/19
2. 00% 3. 00% 4. 00%

0.03% 0.05% 0.10% 0.40% 0.84% 1.67% 2.26% 2.69% 3.56%

4.0%

3.0%
2.0%

1.0%
0.0%

1 year 2 year 3 year 4 year 5 year

MAJOR ECONOMIC RELEASES Time Tuesday 7:30AM 1:00PM 1:30PM 2:45PM 4:00PM 10:00AM 1:00PM 2:00PM 3:30PM 7:00PM 8:30AM 8:30AM 1:00PM 8:30AM 8:30AM 9:55AM

Report NFIB Small Business Optimism (exp. 92.3, prev. 91.4) 3-year Treasury Auction ($30B) Fed's Kocherlakota speaks Fed's Plosser speaks on Bank Regulation Fed Board Open Meeting on Rulemakings on Leverage Ratios Wholesale Inventories (exp. +0.5%, prev. +0.6%) 10-year Treasury Auction ($21B) Fed releases Minutes from March FOMC Meeting Fed's Evans speaks at Conference Fed's Tarullo speaks at Conference Initial Jobless Claims (exp. 330k, prev. 326k) Continuing Claims (exp. 2840k, prev. 2836k) 30-year Treasury Auction ($13B) PPI (exp. +0.1%, prev. -0.1%) PPI Core (exp. +0.2%, prev. -0.2%) University of Michigan Confidence (exp. 81.3, prev. 80.0)

Wednesday

Thursday

Friday

Generally, this material is for informational purposes only and is not intended as an offer or solicitation for the purchase or sale of any financial instrument or as an official confirmation of any transaction. Your receipt of this material does not create a client relationship with us and we are not acting as fiduciary or advisory capacity to you by providing the information herein. All market prices, data and other information are not warranted as to completeness or accuracy and are subject to change without notice. This material may contain information that is privileged, confidential, legally privileged, and/or exempt from disclosure under applicable law. Though the information herein may discuss certain legal and tax aspects of financial instruments, Pensford Financial Group, LLC does not provide legal or tax advice. The contents herein are the copyright material of Pensford Financial Group, LLC and shall not be copied, reproduced, or redistributed without the express written permission of Pensford Financial Group, LLC.