Hot sectors in a tepid recovery
The energy, finance, technology and healthcare industries are expected to be the hottest areas for dealmaking in 2010. Full Article | Full Coverage
Commercial mortgage bond index spreads soar again
NEW YORK, Nov 20 (Reuters) - Yield spread premiums on a commercial mortgage-backed securities index soared more than 100 basis points for a third straight day on concern that economic growth would push defaults on office buildings and retail centers sharply higher.
Spreads on the CMBX-5 AAA derivative index of recent CMBS jumped 135 basis points in early trading to a record high of 850 basis points, according to a dealer quote.
Selling from investors reducing assets financed on borrowed money exacerbated the spread widening, analysts said.
(Reporting by Al Yoon; Editing by Theodore d'Afflisio)
