- The case for allocating to structured credit starts with relatively attractive fundamentals.
- Overall, COVID-19 hit commercial real estate hardest, resulting in distressed valuations and a lagging recovery.
- Freddie Mac has tendered some seasoned CRT deals recently, prompting investors to look for replacement opportunities.
- The correlation between corporate credit and structured credit has varied during different time periods and market cycles due to relative market sizes, drivers of market volatility, composition of market participants, and other factors.
For further details see:
Less-Traveled Paths To Alpha In Structured Credit