Morning Bid: Yen clings to gains but bond pressure builds

After the Pfizer accident (if that’s the right word — we’re still not sure what to call it) Commercial Observer was somewhat sanguine in our predictions. Would an incident in which nobody got hurt and the building is still standing forestall the mighty wave of office-to-residential conversions that was about to crash on Manhattan’s bejeweled…

Angel Property Finance Limited has joined the Bridging & Development Lenders Association (BDLA) as a lender member. The lender provides financing solutions for residential and commercial property transactions. The BDLA has more than 100 lender and associate members, with its lender members representing a collective loan book of more than £11.5bn. Adam Tyler (pictured),…

Anne-Marie Koebel (pictured top), senior mortgage underwriter at RFA Mortgage Corporation, won that award at the 2025 ceremony. With the industry’s leading prime underwriters vying for that role, she told Canadian Mortgage Professional it was “amazing” to come away with the top prize. “I was surprised, humbled, and excited,” she said. What drives an award-winning…

Treasury yields are grinding higher again in the wake of this week’s meeting of the Federal Open Market Committee, which held interest rates flat for the fifth meeting in a row. In addition to that vote, comments from new Federal Reserve Chair Kevin Warsh around the meeting spooked investors, leaving them questioning whether the Fed could adequately tame inflation. Bonds…

M&G said the fund has completed or agreed more than €1.6 billion of acquisitions over the past nine months across core European cities. Your trusted source for commercial real estate intelligence, insights, and market analysis. Register for free to access two complimentary articles per month, or Subscribe to unlock unlimited CRE intelligence. Already have an…

The Financial Action Task Force is urging governments to bring decentralized finance platforms under anti-money laundering rules when developers, token holders or other identifiable parties retain meaningful control. It warned that many purportedly decentralized platforms are not as decentralized as they claim. In a report published Tuesday (July 21), new report, the Paris-based global anti-money…