Prudential Financial Inc.’s Michael Lillard said investors should buy commercial mortgage-backed securities and other bonds that fell on concerns the U.S. Federal Reserve will slow its pace of debt purchases. The increase in yield provided by CMBS, emerging-market debt, high-yield bonds and bank … [Read more...] about 6.26.13: Prudential’s Lillard Says Buy CMBS as Bonds Overreacted
5.3.11: Commercial Mortgage Bonds: Largest Rally Since July
Commercial mortgage bonds are experiencing the largest rally in 10 months on growing confidence that declining unemployment will boost the economy enough to stem a tide of loan defaults. Top-rated securities backed by U.S. property loans returned 1.41% in April, while AAA-ranked corporate bonds … [Read more...] about 5.3.11: Commercial Mortgage Bonds: Largest Rally Since July
8.30.10: CMBS Prices Continue Climb, Class AM Bonds Reach $100
CMBS prices continue to climb as a result of low Treasury yields and steady spreads. The bigger story, however, was the strength in AM and AJ bonds over the last five trading days including Friday, August 27, 2010. According to Trepp, Mezzanine AAA bonds (AMs) from 2005 and 2006 started to trade … [Read more...] about 8.30.10: CMBS Prices Continue Climb, Class AM Bonds Reach $100