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what years does US Treasurys mean in this picture? 1y? 2y? or 10y? CMBS concerns rising BBB-rated commercial mortgage-backed securities average spread over US Treasuries

what years does US Treasurys mean in this picture? 1y? 2y? or 10y?

CMBS concerns rising BBB-rated commercial mortgage-backed securities average spread over US Treasuries -spread 2018 2019 2020 2021 2022 2023 8 7 5 3

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