In an interview with GlobeSt.com, Ken Marblestone, managing director of iCap's local office, and directors Scott Seltzer and Matthew Shane said until a general consensus develops on the future movement of the economy, volatility will be the likely result for interest rates.
"After a relatively steady decrease in rates over the last few years we have recently witnessed a severe rate swing with the 10-year bond moving from a low of 3.5% up to 4.6% and back down to 4% all in a matter of three months," Marblestone said. "Given that we are at or close to 40-year lows in interest rates we certainly think there is more risk rates will rise significantly than fall significantly. Overall, if clients have projects ready to finance, then this is a great time to finance them."
The recent swings in the market haven't impacted iCap's ability to close deals, however, the local directors said.
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