Tuesday, October 13, 2026
On Tap Today
Climate control: The SEC’s climate rules face a fight over federal authority.
Rental underwriting: A new mortgage product is reviving blighted neighborhoods—and attracting fraud.
Paris departures: Rising yields and redemption pressure force major landlords to market prime office holdings.
Multifamily webinar: Centralized management is helping multifamily operators cut costs, connect workflows, and scale smarter.
| Daily Market Snapshot | ||
|---|---|---|
| S&P 500 | 7,765.36 | −36.41 (−0.47%) |
| FTSE Nareit All Equity REITs | 784.54 | +4.00 (+0.51%) |
| 10-Year Treasury | 5.23% | −6 bp |
| SOFR | 3.88% | −2 bp |
| Data as of market close October 8, 2026. SOFR reflects the October 7 trade date. | ||
| The S&P 500 fell 0.47 percent to 7,765.36 on Thursday, its second straight decline from the record set Tuesday, as a Financial Times report questioning OpenAI revenue sank the Nasdaq 1.25 percent. The 10-year Treasury yield eased to 5.23 percent, six basis points lower, as a solid 30-year auction reversed a morning climb sparked by hawkish remarks from the Fed's Christopher Waller, easing pressure on fixed-rate take-out math and refi underwriting. The FTSE Nareit All Equity REITs index rose 0.51 percent to 784.54, recovering part of the 1.35 percent slide on Wednesday as lower long-end yields gave cap rates a brief reprieve. SOFR slipped two basis points to 3.88 percent on the October 7 trade date, trimming floating-rate carry on bridge and construction paper. |
Presented by Prophetic
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Federal Policy
The SEC’s climate disclosure rules may never have taken effect, but their proposed rescission has opened a bigger fight over the agency’s authority. Legal challengers want the Commission to go beyond withdrawing the requirements and formally acknowledge that it never had the statutory power to impose them in the first place.
That distinction could determine whether a future SEC can bring the rules back. Recent Supreme Court decisions limiting agency authority and eliminating judicial deference to agencies’ interpretations of ambiguous laws have strengthened the challengers’ position. Meanwhile, supporters argue standardized climate disclosures remain essential for investors evaluating long-term financial risks.
For publicly traded real estate companies, the outcome could reshape federal reporting requirements without eliminating pressure to disclose climate exposure. California’s climate laws, European reporting rules, lender demands, and local building emissions standards continue to create obligations of their own. The SEC proceeding could ultimately determine how far the federal government can go in requiring companies to report climate-related risks.
DSCR Loans Pour Capital Into Distressed Urban Neighborhoods Left Behind by Banks
European Landlords Exit Prime Office Holdings as Rate Outlook Darkens
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