The spread on the super-senior AAA-rated class of CMBS fell to its lowest level in almost eight months, according to Commercial Mortgage Alert. The result reflects pent-up demand due to sagging CMBS issuance so far this year. Goldman Sachs and Citigroup yesterday placed the long-term, … [Read more...] about 5.13.19: Key CMBS Spread Hits 8-Month Low
8.25.11: Spread Widening Slows CMBS Originations
Recent spread widening and market volatility are taking their toll on new CMBS loan originations. Transactions totaling only $3.1 billion are in the pipeline for the fourth quarter, down from an average of $8.6 billion in the first two quarters of 2011, according to Commercial Mortgage Alert. As … [Read more...] about 8.25.11: Spread Widening Slows CMBS Originations
8.12.11: CMBS Spread Continue to Widen
Spreads on recent issue CMBS widened further on Monday, August 8, in the wake of Standard & Poor’s decision on Friday, August 5, to lower its triple-A ratings on U.S. Treasuries. Spreads recovered as the week progressed, but benchmark spreads on recent issue AAA-rated senior paper were still … [Read more...] about 8.12.11: CMBS Spread Continue to Widen