2024-02-16 01:35:00 ET
Summary
- After a difficult period, commercial mortgage-backed securities are benefiting from a more favorable macro backdrop and improved sentiment.
- Coming into 2024, commercial mortgage-backed securities (CMBS) were among the most dislocated sectors in fixed income.
- Commercial real estate (CRE) was a notable casualty in the Federal Reserve’s fight against inflation, as higher interest rates increased borrowing costs and cast a shadow over valuations.
By Jose A. Pluto, CFA
After a difficult period, commercial mortgage-backed securities are benefiting from a more favorable macro backdrop and improved sentiment. ...
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For further details see:
CMBS: Measured Optimism Amidst Great Uncertainty