Yields on CMBS drop as investors bet the worst is over

10/20/2010 | Bloomberg

Yields on commercial mortgage-backed securities have dropped to their lowest level in 2010 as investors bet that tough times are over for the bonds. The Federal Reserve is helping the situation by keeping interest rates low, spurring demand for CMBS. JPMorgan Chase sold $1.1 billion worth of such securities two weeks ago, and Bank of America and Wells Fargo reportedly are bringing CMBS to the market.

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