...CMBX Series 6 which back in March 2017 was dubbed the "Big Short 2.0" trade due to its substantial exposure to malls which were hurting long before the arrival of the pandemic...

... and especially the BBB- tranche, has been stuck in purgatory, and after surging to 75, is back to where it was in mid-April as investors signal that the worst is yet to come for commercial real estate.