Breaking the Bank?: Weighing Looming Risks in the Commercial Property Sector

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All the Credit

Breaking the Bank? Weighing Looming Risks in the Commercial Property Sector

With Mike Collins, CFA, Brian Barnhurst, CFA, Jason Pan, CFA, FSA, & David Jiang — Jun 14, 2023

31 mins listen

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ALL THE CREDIT | EPISODE 40

Just a few months ago, the market was confident that post global financial crisis, financial sector reforms, and regulatory scrutiny ensured that the U.S. banking system was rock solid, and that the next cycle's culprit would emanate from elsewhere. However, banking is once again front and center as investors weigh systematic risks from another prospective real estate crunch—this time in the commercial property sector.

On this episode of PGIM Fixed Income’s All the Credit^®, with guests Jason Pan, CFA, FSA, Securitized Products Credit Research Analyst, and David Jiang, U.S. Investment Grade Credit Research Analyst, we’ll outline the scale of the potential problem, including the cadence of decay and potential flashpoints in commercial real estate, and discuss potential transmission through the banking system, extension of credit, and the real economy.

Brian Barnhurst, CFA, Co-Head of Credit Research, returns to All the Credit^® as host, alongside Mike Collins, CFA, Senior Portfolio Manager.

Recorded on June 7, 2023.

Listen to All the Credit® podcast to find out what matters most in global fixed income and how it could impact your portfolio.

Listen Now

Speakers

Michael Collins, CFA

Executive Portfolio Advisor, Multi-Sector Fixed Income Strategies
Brian Barnhurst, CFA

Head of Global Credit Research
Jason Pan, CFA, FSA

Securitized Products Credit Research Analyst
David Jiang

U.S. Investment Grade Credit Research Analyst

Thank you for your interest in PGIM Fixed Income.

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