2024-02-23 00:50:00 ET
Summary
- Given its high sensitivity to interest rates, the commercial real estate sector came under pressure from the rapid and precipitous rise in rates.
- The commercial real estate market’s impending demise has been well-documented, with headline risk a frequent concern.
- Commercial mortgage-backed securities (CMBS) rated BBB have outperformed Treasuries, corporate bonds, and other securitized credit sectors for the year to date through mid-February.
Commercial real estate has been caught in the center of the perfect storm. Given its high sensitivity to interest rates, the sector came under pressure from the rapid and precipitous rise in rates....
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Chart Of The Moment: Commercial Real Estate's Surprising Rally