With retail in trouble, Deutsche Bank says short CMBS

Deutsche Bank is telling investors that it may be time to place bets against the CMBS market, as mounting problems in the retail sector threaten the health of some post-crisis bonds heavily exposed to lower quality retail properties.

  • By Max Adams
  • 13 Feb 2017
The trade, which some players in the market have been calling the “next big short”, involves shorting the BBB- tranches of certain CMBX indexes. Specifically, Deutsche Bank is recommending investors place bets against BBB- slices of the CMBX 6 and CMBX 7 indexes, which track movement in the ...

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1 Bank of America Merrill Lynch (BAML) 4,755 19 11.75
2 Citi 4,288 14 10.60
3 Rabobank 2,633 4 6.51
4 Goldman Sachs 2,615 4 6.46
5 Barclays 2,603 8 6.43

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5 Credit Suisse 30,239.23 97 5.43%