Treasuries/Credit Spreads

Treasury yields rose this week as positive economic news overcame the global “fear” issues that caused yields to plunge to 2.30% in previous weeks, the 10 year closed today at 2.41%….CMBS:  No new pools have traded since a mid-August issue went out at Swaps + 90 (a widening from Swaps + 72 in mid-summer)…..There are multiple issues being priced, what we hear:  “Appetite is good”   “Whisper talk is about Swap + 85”…..Hopefully the widening has abated and some tightening is imminent…..stay tuned… David R. Pascale, Jr.