CMBS issuers are finding stable CMBS pricing despite heavy issuance as dealers rush to clear inventory ahead of risk-retention rules that become effective December 24. Six CMBS deals were in the market in the first week of December, a few of which have already priced in a range consistent with … [Read more...] about 12.9.16: CMBS Prices Hold Steady Amid Heavy Bond Issuance …
3.8.13: CMBS Spreads Continue to Widen Amid Heavy Supply
Spreads on CMBS widened on mezzanine bonds from recent CMBS offerings floated by J.P. Morgan/CIBC and Wells Fargo/RBS this week. The junior triple-A bonds in the J.P. Morgan/CIBC deal priced at 110 basis points (bp), and comparable notes in the Wells/RBS issue widened further to 120 bp. Equivalent … [Read more...] about 3.8.13: CMBS Spreads Continue to Widen Amid Heavy Supply