Wall Street Faces Pushback on CMBS Deals as Supply Booms
August 21, 2014
Wall Street is running into resistance unloading commercial-mortgage backed securities.
JPMorgan Chase & Co. (JPM) and Barclays Plc (BARC) sweetened terms on a piece of a $1.2 billion bond deal last week to attract buyers, whileDeutsche Bank AG (DBK) and Cantor Fitzgerald LP increased the yield they’re offering on securities today, according to people with knowledge of the matter.
By Sarah Mulholland, Bloomberg