Wider Commercial Mortgage-Backed Securities Spreads Signal Investor Fatigue The rise in CMBS issuance can't mask a potential liquidity drop By Andrew Coen March 24, 2026 10:00 am reprintsWhile the commercial mortgage-backed securities market has been going gangbusters of late, investors seem to be saying there is such a thing as too much of a good thing. “Investors are showing some fatigue, as iss...