The 10-year treasury yield climbed to 5.25% on June 26th but over the next 3 months it declined steadily. This trend has surprised many economic forecasters and pleased borrowers. By late September the 10-year note slipped to 4.6%. Oil futures may be part of this...but, the bond market may be betting that 2007 will be weaker economically than the stock market is thinking. The investors we assist like falling interest rates. But, as rates falll will we see Cap rates firm...or even begin falling...