The commercial mortgage-backed security delinquency rate reached an all-time high in May at 10.04%, up 24 basis points from the prior month, according to the latest data from Trepp.

This represents the first time ever that the CMBS delinquency rate surpassed the 10% mark. Just three months ago, the CMBS delinquency rate was 9.37%, but has gone up substantially since.

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