CMBS sales may lose $15B on rising interest rates: S&P

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.

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