This chart shows the contribution of the commercial mortgage-backed security spread to CFSI. This spread is measured as the difference between the yield on commercial mortgage-backed securities and 5-Year Treasury. It captures the ability of originators to raise capital and the relative riskiness of the securitized asset
Release: Cleveland Financial Stress Index
Federal Reserve Bank of Cleveland, Contributions to the Cleveland Financial Stress Index: Commercial Mortgage-Backed Security Spread [CMBSSD678FRBCLE], retrieved from FRED, Federal Reserve Bank of St. Louis https://research.stlouisfed.org/fred2/series/CMBSSD678FRBCLE, February 12, 2016.