<p>In this week’s episode of The TreppWire Podcast, we examine rising Middle East tensions following US-Israeli strikes on Iran, including Iranian drone damage to Amazon data centers in the Gulf, and the ripple effects on oil prices and the 10-year Treasury. We cover the reversal of the 10-year Treasury back above 4%, rising oil prices, and record redemption requests at Blackstone&#39;s private credit fund. We review Trepp&#39;s February CMBS delinquency data, take a deep dive into the surging CRE CLO market, and break down $7.6 billion in SASB AAA downgrades. We close with a trading alert on the Minneapolis City Center loan and Target&#39;s surprise lease buyout. Tune in now.</p><p><br></p><p>Episode notes: </p><p>• Economic Update: Labor Data, Middle East Conflict &amp; Ides of March Superstition (1:14)</p><p>• Iranian Drone Strikes on Amazon Middle East Facilities (15:35)</p><p>• Treasury Yields &amp; Oil: Market Reaction to Gulf Conflict (18:55)</p><p>• Blackstone Private Credit Fund: Record Redemptions &amp; Liquidity Response (22:05)</p><p>• CMBS Delinquency Report: Rate Declined, Led by Large Office &amp; Retail Loan Extensions (26:19)</p><p>• CRE CLO Market: Record 2026 Issuance Pace (33:21)</p><p>• SASB Ratings Migrations &amp; SF Office Losses (40:33)</p><p>• Programming Notes (53:26)</p><p>• Shoutouts (56:02)</p><p><br></p><p>Questions or comments? Contact us at [email protected]. </p><p>Follow Trepp: </p><p>X: www.x.com/TreppWire </p><p>LinkedIn: www.linkedin.com/company/trepp </p>