Large AM blocks covered in active session

Large AM blocks covered in active session

Category: CMBS Secondary markets


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A number of US CMBS bonds were being shown in secondary yesterday, as traders remain busy ahead of year-end. SCI's PriceABS data shows a variety of names circulating, with large AM tranches proving particularly popular and even a 1998-vintage tranche out for the bid.

Trepp figures put BWIC volume at almost US$500m for the session, the highest for almost a week.

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