BlueBay Head of US Fixed Income Andrzej Skiba discusses how investors are dealing with recent trouble spots within the US commercial real estate issues and how we’re dealing with the turbulence.  In our judgement, US commercial real estate (CRE) will be a source of negative headlines in 2024. Several banks across the globe with significant US CRE exposure have reported increased provisioning.Larger banks (>$150B in assets) have been quick to address the deterioration with collateral revaluations and establishing loss reserves where appropriate.Periods of dislocation are ripe with opportunities, however careful credit selection is of paramount importance.

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