11min chapter

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

Get the Snipd
podcast app

Unlock the knowledge in podcasts with the podcast player of the future.
App store bannerPlay store banner

AI-powered
podcast player

Listen to all your favourite podcasts with AI-powered features

Discover
highlights

Listen to the best highlights from the podcasts you love and dive into the full episode

Save any
moment

Hear something you like? Tap your headphones to save it with AI-generated key takeaways

Share
& Export

Send highlights to Twitter, WhatsApp or export them to Notion, Readwise & more

AI-powered
podcast player

Listen to all your favourite podcasts with AI-powered features

Discover
highlights

Listen to the best highlights from the podcasts you love and dive into the full episode