Yields on U.S. life insurers' commercial mortgage investments increased a little in the third quarter, according to analysts at Trepp.
The easing of COVID restrictions on travel improved the performance of loans tied to hotels and other forms of lodging, and the lodging-related loans did better than the other types of loans that Trepp tracks.
Trepp had 7,991 loans on its life insurance commercial mortgage index tracking list in the third quarter, up from 7,568 a year earlier. The total loan balance increased to $157 billion, from $149 billion.
