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Author name: Ricky Vasquez

Global bond selloff sends 10-year treasury yields to cusp of 5%

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Bond bears have pushed benchmark Treasury yields toward the closely-watched 5% level ahead of US inflation data that stands to determine expectations for a Federal Reserve interest-rate hike next week. Processing Content The yield on 10-year notes has climbed almost 20 basis points this week to trade just below the psychologically-important level, which may attract […]

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Vera Sung Jill Sung Confucius Plaza NYC

Lessons from 9/11: How one NYC community bank rebounded

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Key insight: Twenty-five years after the Sept. 11 terrorist attacks in lower Manhattan, executives at one community bank in nearby Chinatown recall the efforts to reopen. Expert quote: “What I recall is that after 9/11, we suddenly understood the need for having a disaster-recovery plan.” — Vera Sung, board director at Abacus Federal Savings Bank

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PMT Loan Trust raises $363.6 million in prime RMBS

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A pool of first-lien, fixed-rate prime mortgages will support about $363.6 million in residential mortgage-backed securities (RMBS) coming to market from the PMT Loan Trust 2026-J6. Processing Content The current transaction has the largest collateral pool that the platform has issued from all year, with 294 loans. It also has the highest percentage of conforming

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