CMBS spreads under pressure as September rolls in

By Max Adams
01 Sep 2015

A heavy September pipeline and market volatility are set to put pressure on new issue CMBS conduit spreads for the foreseeable future.

Spreads on last cash flow AAAs widened significantly throughout the past month, such as to 120bp over swaps for WFCM 2015-SG1 on August 28. That widening trend is not likely to reverse course in September, according to several investors, as supply ...

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