Deutsche Bank's sale of CMBS highlights increased risk appetite

03/2/2012 | Wall Street Journal, The

Deutsche Bank significantly reduced yields on some of its $941 million commercial mortgage-backed securities offering as demand for higher-yielding bonds increased. The deal indicates that investors are becoming more comfortable with the economic and housing recovery. "Investors have zeroed in on CMBS as one of the few remaining fixed-income sectors offering yield," said Chris Sullivan, the U.N. Federal Credit Union's chief investment officer.

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