Rising interest rates may trim issuance of commercial mortgage-backed securites by $15 billion this year, according to Standard & Poor’s, Bloomberg writes()
Commercial-mortgage bond sales that Credit Suisse Group (CS) says are poised to climb as much as 50% to $70 billion are being checked by investor concern that the Federal Reserve will soon pare $85 billion of monthly bond purchases. The unprecedented stimulus has suppressed interest rates and pushed investors into higher-yielding assets.