01.11.2011 - Commercial mortgage investors have ‘reason to smile’, BofA says
Securities tied to commercial property mortgages rose after European leaders reached an accord on the region’s debt crisis and investors stepped up trading in lower-ranking bonds. The extra yield investors demand to own top-ranked debt backed by loans against shopping malls, skyscrapers and hotels declined to 263 basis points on Oct. 28, the lowest since early August, after soaring to as high as 323 basis points on Oct. 18, according to the Barclays Capital CMBS AAA Super Duper index..............................................Full Article: Source
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