Investors Eyes Riskier Debt As CMBS Spreads Narrow

25 Feb 2011

Investors are turning to riskier debt as spreads on commercial mortgage-backed securities narrow sharply, according to Morgan Stanley analysts.

Investors are turning to riskier debt as spreads on commercial mortgage-backed securities narrow sharply, according to Morgan Stanley analysts. The analysts stated in a research report that “collapsing new issue spreads have helped to spur further tightening in legacy securities,” adding that the market is headed for a ...

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