Commercial MBS prices, which slumped sharply last month, have quickly rebounded over the past couple of weeks, providing a much-needed shot in the arm to the sector.
But market pros, noting that conditions remain volatile, cautioned it’s far from clear whether the gains will hold.
On June 28, the benchmark triple-A class of a $1.2 billion conduit deal led by UBS and Barclays priced at 160 bp over swaps. That was 20 bp wider than in a deal three weeks earlier and represented the widest level of the year.
Read more...Commercial Mortgage Alert - Commercial Mortgage Brokers - Commercial Mortgage Lenders
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