CMBS market unresponsive to word of TALF extension:

08/18/2009 | Wall Street Journal, The

Worries about whether the U.S. economy could sustain a recovery overpowered any boost the extension of the Term Asset-Backed Loan Fund might have given to the CMBS market. "People were expecting the extension," said Derrick Wulf, senior portfolio manger at Dwight Asset Management. "The bigger issue weighing on the market is risk appetite."

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Wall Street Journal, The

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