Bloomberg Intelligence cover image

US Tech Earnings, Commercial MBS Bonds Go Bust

Bloomberg Intelligence

CHAPTER

Challenges in Commercial Mortgage-Backed Securities

This chapter examines the emerging losses in the commercial mortgage-backed securities market, focusing on single-asset, single-borrower bonds, notably marking the first losses for AAA-rated bonds since the financial crisis. The discussion reveals significant distress among office properties, particularly in major cities across the U.S., and explores the implications for bondholders and the challenges of refinancing and tenant dynamics. Additionally, the chapter touches on bank earnings, particularly UBS, and the role of business leaders in fostering constructive dialogue during the U.S. presidential elections.

00:00
Transcript
Play full episode

Remember Everything You Learn from Podcasts

Save insights instantly, chat with episodes, and build lasting knowledge - all powered by AI.
App store bannerPlay store banner