propitiate
pruh-PISH-ee-ayt
To gain the favor of someone; to appease.
From Latin propitiare (to make favorable, to appease).
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TIP OF THE WEEK
Propitiate the IRS by using the new form 4506-C when
verifying income tax returns for SBA loan purposes.
The IRS will Continue to Accept Form 4506-T until April
30, 2021
Beginning May 1, 2021, all IVES transcript requests must
be submitted exclusively on the Form 4506-C.
All Forms 4506-T received but not processed prior to May
1, 2021 will be valid and processed accordingly. Forms 4506-T received on or
after May 1, 2021 will be rejected.
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Indices:
PRIME RATE= 3.25%
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SBA 504 Loan Debenture Rate for April
For 20 year debentures, the debenture rate is only 1.54%
but note rate is 1.569% and the effective yield is 3.021%.
For 25 year debentures, the debenture rate is only 1.66%
but note rate is 1.68402% and the effective yield is 3.077%.
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AHEAD OF THE YIELD CURVE
Prognostications proliferate over the propitious slope of
the yield curve as employment proliferates.
In March employers added a booming 916,000 jobs.
For what it is worth, Here is a summary of net payroll
employment and this week’s interesting little table of data:
March 916,000
February 468,000
January 233,000
December -306,000
November 245,000
October 610,000
September 711,000
August 1,489,000
July
1,761,000
June 4,791,000
May 2,725,000
April
-20,700,000
March
-1,400,000
February 275,000
January 214,000
2019 2,108,000
2018 2,679,000
2017 2,110,000
2016 2,160,000
2015 2,740,000
2014 3,116,000
2013 2,074,000
2012 2,193,000
2011 2,103,000
2010 1,022,000
2009 -5,052,000
2008 -3,617,000
2007 1,115,000
2006 2,071,000
2005 2,484,000
2004 2,019,000
What does all this mean?
I don't know.
Keep your eyes and ears open for this week’s auction of
30 year Treasury bonds.
Since the beginning of the year, the 30 year Treasury
yield has increased over 70 basis points.
At last month’s auction the high yield was awarded at
2.295 percent, up 36.2 basis points from last month's auction rate and the
highest awarded for the bond since January of last year.
While proditmania profilerates on the longer end of the
yield curve, the shorter end is procumbent as the Federal Reserve propitiates
the bond markets.
A review of its Statement on Longer Run Goals and
Monetary Policy emphatically declares that the federal funds rate consistent
with maximum employment and price stability over the longer run has declined
relative to its historical average.
It is a propitious time for prospicient borrowers.
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OFF BASE
The young man didn’t propitiate enough.
In the Spring a young man's fancy lightly turns to
thoughts of love.
If you read the poem Locksley Hall with this prolifically
quoted prolegomenon it turns out this is not an ode to love but an angry bitter
tirade.
The protagonist muses on unrequitted love in a somewhat
bitter mood.
The memories quickly lead to a burst of anger as he
relates that the object of his affections abandoned him due to her parents'
disapproval.
He didn’t propitiate enough and became procellous.
