15.12.2010 - Real estate avoids ‘catastrophe’ as yields drop: Credit markets
From Bloomberg: Investor confidence in U.S. commercial property is the highest since the 2007 market peak, a sentiment reflected in bonds of real estate companies that own everything from New York skyscrapers to California strip malls. Yields on debt issued by real estate investment trusts average 210 basis points more than Treasuries, the least since Nov. 12, 2007, according to Bank of America Merrill Lynch index data. The debt has returned 13.2 percent this year, trumping a 8 percent gain by investment-grade bonds..............................................Full Article: Source
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