Archive for June, 2016

Brexit market reaction bodes well for US REITs

US REITs stand to benefit from the uncertainty created by the UK's vote to leave the EU as foreign investors seek safety and yield, experts say. Brexit is driving down the yield on 10-year Treasurys, which drives real estate up, said Alexander Goldfarb, senior REIT analyst at Sandler O'Neill. Read full story Read more

IMF lowers forecast for US growth rate to 2.2%

The International Monetary Fund lowered its outlook for US economic growth for 2016 to 2.2%, down from the 2.4% it had forecast in April. The IMF also forecasts that the eurozone countries will post 1.5% growth this year, and Japan will grow 0.5%. Read full story Read more

Fund manager: US CMBS a good investment now

Structured credit products such as US commercial mortgage-backed securities, leveraged loans and residential mortgages are good investments now because they are insulated from global events such as Britain's referendum on EU membership or Chinese currency devaluation, says Troy Gayeski, senior fund manager at SkyBridge. Read full story Read more

Fed slows plan for rate increases

The Federal Reserve's policymaking committee has decided against raising its key interest rate and says increases will be implemented more slowly than previously anticipated. The decision to delay an increase was backed by every member of the committee, including Esther George, who had voted at recent meetings for a rate hike. Read full story Read more