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Commercial Mortgage Bond Sales Plunge as Volume Cools

Sales of commercial mortgage bonds have tumbled about 85% year-over-year, with rising interest rates denting lending volume. So reports Bloomberg.

dollar 5242033 640 280x280Bloomberg’s data show roughly $4.27 billion of the bonds have been issued this year to date, compared with $29.38 billion during the same stretch of 2022.

Investors point the finger at the Federal Reserve’s rate hikes, while a recent series of office and retail defaults have also worried bond buyers.

Read the full article from Bloomberg.

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