The long end is doing the work the Fed won't.
Cap Stacks · RE Morning Brief — Issue 004 Cap Stacks · RE Morning Brief The long end is doing the work the Fed won't. Friday, May 1, 2026
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Cap Stacks · RE Morning Brief
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01
Rates
US Treasuries, SOFR, IG & HY OAS, Canada GoC and CORRA, BoC policy. Curve, deltas, cross-border spreads. Pulled fresh every morning from FRED and the Bank of Canada Valet.
02
Credit & CMBS
Where spreads are versus where they were. Issuance prints, distress signals, what the AAA bid is telling you about financing conditions on the loan tape.
03
Deal flow
The deals that matter, not the rumor mill. Multifamily, data centers, office, industrial, healthcare, distress, M&A, take-privates. Why each one signals something for your book.
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