Canyon Is Putting On $1B CMBX Short, Co-Chairman Friedman Says

The video features a discussion between Erik Schatzker and Josh Friedman on the use of CMBX as a hedge in the mortgage market, particularly in downturns. They explore the risks in the commercial real estate market, drawing comparisons with the residential mortgage market before the financial crisis. Despite some similarities, Friedman argues that the commercial market is not as precarious. Canyon Partners is adopting a cautious approach, reducing exposure and increasing cash positions, in response to global economic signals and market fragility.

What is the significance of the percentage of interest-only loans in the current mortgage landscape?

What are the implications of the current retail space oversupply on the commercial real estate market?

How is Canyon Partners adjusting its exposure in the financial markets?