Major banks prepare to issue $5 billion in CMBS

08/24/2011 | Bloomberg

Facing growing concern that the economy is slowing, Wall Street banks are moving to get as much as $5 billion in commercial mortgage-backed securities issued in September and October. The spread above Treasurys for the highest-rated CMBS deals has widened 69 basis points since the end of July, to 295 basis points, according to a Barclays index.

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