QUOTE
An index tracking derivatives linked to US commercial mortgages suggests a grim outlook for the country’s commercial property sector.
The risk premiums, or spreads, on the CMBX index have jumped as a number of macro hedge funds made large bets that the $850bn US commercial mortgage market would see problems.
The risk premiums, or spreads, on the CMBX index have jumped as a number of macro hedge funds made large bets that the $850bn US commercial mortgage market would see problems.
http://www.ft.com/cms/s/fc368210-8c98-11dc...t.com%2Fmarkets
function floatContent(){}[size="4"][/size]