383. Gulf Shock & Market Resilience: Ides of March Returns, YTD CRE CLO Issuance & SASB AAA Downgrades

In this week’s episode of The TreppWire Podcast, we examine rising Middle East tensions following US-Israeli strikes on Iran, including Iranian drone damage to Amazon data centers in the Gulf, and the ripple effects on oil prices and the 10-year Treasury. We cover the reversal of the 10-year Treasury back above 4%, rising oil prices, and record redemption requests at Blackstone's private credit fund. We review Trepp's February CMBS delinquency data, take a deep dive into the surging CRE CLO market, and break down $7.6 billion in SASB AAA downgrades. We close with a trading alert on the Minneapolis City Center loan and Target's surprise lease buyout. Tune in now.Episode notes: • Economic Update: Labor Data, Middle East Conflict & Ides of March Superstition (1:14)• Iranian Drone Strikes on Amazon Middle East Facilities (15:35)• Treasury Yields & Oil: Market Reaction to Gulf Conflict (18:55)• Blackstone Private Credit Fund: Record Redemptions & Liquidity Response (22:05)• CMBS Delinquency Report: Rate Declined, Led by Large Office & Retail Loan Extensions (26:19)• CRE CLO Market: Record 2026 Issuance Pace (33:21)• SASB Ratings Migrations & SF Office Losses (40:33)• Programming Notes (53:26)• Shoutouts (56:02)Questions or comments? Contact us at [email protected]. Follow Trepp: X: www.x.com/TreppWire LinkedIn: www.linkedin.com/company/trepp