Lower interest rates provided a tailwind for commercial real estate markets in Q3, and particularly for CRE debt markets. CRE price growth has slowed in 2019, though fundamentals across the sector remain healthy.
A sharp global economic slowdown, heightened trade uncertainty, plunging interest rates and wilting business sentiment. These and other factors complicate the investment landscape in Q4 and beyond. Chief U.S. Economist Lara Rhame provides a survival guide to investing through volatility.
Despite slowing, the fundamental backdrop underlying the corporate credit market remains supportive heading into year end. In this report, Robert Hoffman outlines his expectations for positive, primarily income-driven returns for HY bonds and senior secured loans this year.