In this week's episode of The TreppWire Podcast, we unpack a volatile week in the bond market as the 30-year Treasury yield climbed above 5.3%, Treasury Secretary Scott Bessent stepped in with expanded long-term buybacks, and much of the initial market reaction quickly reversed. We discuss what the move says about the battle over long-term rates, growing capital demands, and whether the Fed's next move could actually be a hike. In AI, increasingly complex financing structures and roughly $3 trillion in off-balance-sheet commitments are raising new questions about leverage, interconnected risk, and just how much has to go right for the infrastructure boom to pay off. We then examine $12.1 billion of performing securitized office loans with DSCRs below 1.0x, including surprisingly well-occupied properties, and the maturity wall that could force borrowers to confront those cash-flow shortfalls. We close with major CRE transactions, including Rexford Industrial's $1.2 billion portfolio sale and a wave of maturity- and distress-driven hotel sales in California. Tune in now. Episode notes: (00:00) Macro Update: Yields, Buybacks & Fed Hike Talk (11:28) Goldman Sachs Buys LCN Capital (16:54) Data Center Deals & $3T Commitments (28:07) Office Loans Below Breakeven (37:19) Rexford's $1.2B Sale & Hotel Distress (42:50) Programming Notes (44:31) Shoutouts Questions or comments? Contact us at [email protected].      Follow Trepp:   X: www.x.com/TreppWire  LinkedIn: www.linkedin.com/company/trepp  

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“What did the council decide on item 42?” — answered with the speaker and the moment.

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