The default of $Blackstone Group LP(BX)$ Nordic commercial mortgage-backed securities (CMBS) has attracted market attention last week.According to Reuters, the bond, which was underwritten by Citigroup and Morgan Stanley, was originally secured against 63 mostly office buildings in Finland. But Blackstone had sold off about 16 buildings to pay down nearly half of the note, which now has an outstanding balance of 297.1 million euros, according to Fitch Ratings.Reminiscent of last year’s shock to the global financial system caused by the British LDI, the logic behind these seemingly isolated risk events is that the speed and magnitude of this round of interest rate hikes hit a record 40%. The most in the remaining years, and m
Will Tesla drag down the broader market?
On the long-waited Investor Day, Tesla plunged 5.61% after market. ----- [TOPIC] Will Tesla drag down the broader market? What's your trading strategy for you today? Plan to hedge Tesla's plunge or bottom stocks?
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