Yields, Spreads, and the Price of Risk: Understanding the Cost of Capital in Today's Market

HFO Multifamily Marketwatch for Oregon and SW Washington · Jul 3, 2025 · 6m

Bond yields are bouncing and lender sentiment is shifting. In this episode of HFO's Multifamily

Marketwatch, Michael Pierce breaks down the recent Treasury market volatility, explains the

role of credit spreads in loan pricing, and shares what multifamily owners and investors need to

know to navigate today's cautious lending environment.