Torrid CMBS Rally Seen a Bit Too Much, Too Soon via WSJ

The commercial mortgage bond rally may be getting a bit long in the tooth.

After gains of 4% so far this year and 13% since mid-November, some of the riskier commercial mortgage-backed securities that have led the market higher are at danger of a reversal, warns Deutsche Bank DBK.XE -0.76% strategist Harris Trifon.

Mr. Trifon on Friday told investors in a research note that “those who have benefited from the recent price appreciation would be wise to take profits.”

Read more...Torrid CMBS Rally Seen a Bit Too Much, Too Soon - Developments - WSJ