Commercial Property Market Freezes, Sending Bond Volume Plummeting
Sales of commercial mortgage bonds have fallen off a cliff, plummeting about 85% year-over-year, as rising interest rates cut into lending volume and defaults spook investors.
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### Instruction: Commercial Property Market Freezes, Sending Bond Volume Plummeting

### Response: Sales of commercial mortgage bonds have fallen off a cliff, plummeting about 85% year-over-year, as rising interest rates cut into lending volume and defaults spook investors.