Latest CMBS conduit priced tight as analysts eye rally
JP Morgan and Deutsche Bank priced the latest conduit CMBS deal at year tight levels last Friday, as analysts predict further tightening in CMBS debt after the market lagged a rally in corporate debt last month.
The $1.1bn JPMDB 2017-C7 conduit deal showed spreads tighten below the 200 day moving average across each of the rated tranches, with the super senior 10 year triple-A paper priced at 83bp over swaps, the tightest levels seen this year, according to Trepp data.
The $287.7m super seniors
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