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504 Rate Update

504 June 2016 Rates


4.232% – 20 Year Debenture Effective Rate *


On the Off Ramp.
Rates continue to drop, with the benchmark German ten year Bund now showing a negative yield.  The UK seems ready to leave the EU, the Fed has the distinct look of a deer in the headlights, and in the headlights of the impending Presidential campaign, we may all look like roadkill.
These are not normal times.

Chart and Statistical Data is from September 2006 to June 2016

Debenture Rate 10 Year T-Note
Spread Over T-Note
May 2015
1.66% 0.52%
2.92% 0.82%
2.86% 0.65%
0.009577084 0.005688164
So what does one do in the midst of uncertainty?  One stays focused on what they know and what they can control.   Whether a strategic expansion or a refinance of existing debt, 504 can provide stability and long term cost advantages through long term fixed rate financing.

We welcome the opportunity to earn your business

* Note: Rates are subject to credit determination & auction pricing. Past performance is no guarantee of future results.

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South Central Tennessee Development
101 Sam Watkins Blvd.
Mount Pleasant, TN 38474
Office (931) 379-2918
Fax (931) 379-2640

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