Calls
4
Andrew Szczurowski
Strategic Income Portfolio Manager, Morgan Stanley Investment Management
Win Rate
0.0%
return
-10.5%
Ticker
Side
Mentions
First Call
Call Price
P&L
Thesis
Theme
Source
Short
Jun 17
$114.08
-34.7%
Oil prices are likely to fall if the truce with Iran holds, easing the supply-driven inflation shock and reducing the need for Fed rate hikes. Lower energy prices would bring down headline inflation and support a bearish view on crude.
Commodities
Long
Apr 01
$48.73
-2.4%
The speaker states, "going out the risk spectrum a little to agency mortgage and commercial mortgage backs is a is a great place to kind of hide out" and calls commercial mortgage backs "our kind of favorite credit space." Agency mortgages offer mid-5% yields with no credit risk, and commercial mortgage-backed securities offer high single-digit yields. The recent backup in spreads and Treasury yields has made these sectors attractive. These fixed-income sectors provide an attractive combination of yield and relative safety (agency) or compelling yield for credit risk (CMBS) in an uncertain macro environment where the Fed is on hold. A severe economic downturn leads to worse-than-expected defaults in commercial real estate, impacting CMBS. A sharp, unanticipated rise in Treasury yields could pressure prices.
The speaker states, "going out the risk spectrum a little to agency mortgage and commercial mortgage backs is a is a great place to kind of hide out" and calls commercial mortgage backs "our kind of favorite credit space." Agency mortgages offer mid-5% yields with no credit risk, and commercial mortgage-backed securities offer high single-digit yields. The recent backup in spreads and Treasury yields has made these sectors attractive. These fixed-income sectors provide an attractive combination of yield and relative safety (agency) or compelling yield for credit risk (CMBS) in an uncertain macro environment where the Fed is on hold. A severe economic downturn leads to worse-than-expected defaults in commercial real estate, impacting CMBS. A sharp, unanticipated rise in Treasury yields could pressure prices.
Thematic ETFs
Long
Apr 01
$94.68
-3.5%
The speaker states, "going out the risk spectrum a little to agency mortgage and commercial mortgage backs is a is a great place to kind of hide out" and calls commercial mortgage backs "our kind of favorite credit space." Agency mortgages offer mid-5% yields with no credit risk, and commercial mortgage-backed securities offer high single-digit yields. The recent backup in spreads and Treasury yields has made these sectors attractive. These fixed-income sectors provide an attractive combination of yield and relative safety (agency) or compelling yield for credit risk (CMBS) in an uncertain macro environment where the Fed is on hold. A severe economic downturn leads to worse-than-expected defaults in commercial real estate, impacting CMBS. A sharp, unanticipated rise in Treasury yields could pressure prices.
The speaker states, "going out the risk spectrum a little to agency mortgage and commercial mortgage backs is a is a great place to kind of hide out" and calls commercial mortgage backs "our kind of favorite credit space." Agency mortgages offer mid-5% yields with no credit risk, and commercial mortgage-backed securities offer high single-digit yields. The recent backup in spreads and Treasury yields has made these sectors attractive. These fixed-income sectors provide an attractive combination of yield and relative safety (agency) or compelling yield for credit risk (CMBS) in an uncertain macro environment where the Fed is on hold. A severe economic downturn leads to worse-than-expected defaults in commercial real estate, impacting CMBS. A sharp, unanticipated rise in Treasury yields could pressure prices.
Thematic ETFs
Showing 3 of 4 calls · sorted by mentions
Choose a mentions count to open ticker posts.
Andrew Szczurowski has 4 trade ideas tracked on Buzzberg across 4 tickers since April 2026. Most covered: BNO, SHY, CMBS.
Historical call returns are modeled from recorded ideas and stored prices, not actual brokerage portfolio returns. Check the evaluated call set and horizon; past results do not establish future prediction accuracy. Explore our data and methodology
