U.K. CMBS, RMBS Spreads Widen On Fixed-Income Fears

Spread widening increased in the U.K. non-conforming, commercial mortgage-backed securities and prime residential mortgage-backed securities markets last week.

  • 18 Jul 2007

-- Leo Shvartsman

Spread widening increased in the U.K. non-conforming, commercial mortgage-backed securities and prime residential mortgage-backed securities markets last week. “Signs of sky-high risk aversion are many,” according to Lehman Brothers analysts.

The price softening stems from weakness in global fixed-income markets. “We believe the recent widening has ...

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