CMBS conduit loan borrowers are finding calm waters as spreads on CMBS securities have been stable at attractive levels for most of 2018. This has help offset the rise in the 10-year Swap rate, minimizing the impact on interest rates for CMBS conduit loan borrowers. The 10-year Swap rate, the … [Read more...] about 6.8.18: CMBS Spreads Remain Steady
9.12.17: CMBS Conduit Loan Rates Stable as CMBS Spreads Remain Steady
CMBS conduit loan borrowers are finding calm waters as spreads on CMBS securities have been stable at attractive levels for most of 2017 to date. In addition, the 10-year Swap rate, the benchmark index for setting interest rates on CMBS conduit loans, has remained in a relatively narrow range of … [Read more...] about 9.12.17: CMBS Conduit Loan Rates Stable as CMBS Spreads Remain Steady
4.25.17: CMBS Conduit Loan Rates Stable as CMBS Spreads Remain Steady
CMBS conduit loan borrowers are finding calm waters as spreads on CMBS securities have been stable for most of 2017 to date. In addition, the 10-year Swap rate, the benchmark index for setting interest rates on CMBS conduit loans, has remained in a relatively narrow range of roughly 2.30%-2.60%. … [Read more...] about 4.25.17: CMBS Conduit Loan Rates Stable as CMBS Spreads Remain Steady
12.9.16: CMBS Prices Hold Steady Amid Heavy Bond Issuance …
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 …
3.18.15: CMBS Market Update – Prices Steady
The benchmark bonds in a $1.3-billion conduit offering led by Deutsche Bank and Cantor Fitzgerald priced at 86 basis points (bp) over swaps on Wednesday, March 18, matching the second-tightest level so far this year. The spread on long-term, super-senior bonds has pretty much hovered between 86 bp … [Read more...] about 3.18.15: CMBS Market Update – Prices Steady
6.15.12: CMBS Conduit Loan Rates Steady Despite Capital Market Turbulence
CMBS conduit loan rates are holding relatively steady despite market turbulence surrounding the European debt crisis. Fixed income professionals are increasingly worried about whether Greece will exit the European Union and whether debt-related trouble will spread to Spain, Italy and Ireland. … [Read more...] about 6.15.12: CMBS Conduit Loan Rates Steady Despite Capital Market Turbulence
7.30.10: CMBS Prices Continue a Slow, Steady Climb
CMBS prices picked up about 45 basis points (bp) in July based on the change in spread for the benchmark CMBS bond, GSMS 2007-GG10 A4. At the beginning of July, the benchmark bond was trading at about 390 bp over swaps, while finishing the month at 345 bp over swaps. In fact, some of the better … [Read more...] about 7.30.10: CMBS Prices Continue a Slow, Steady Climb