Prices in CMBS took a wild ride the last week between TALF 3.0, S&P's assault on the plan, and general confusion in the market.
Deal Junkie makes a great point regarding the loans getting done out there. The fact of the matter is that most CMBS loans maturing, are paying off on time still - they are either getting loans, or reaching into their safe deposit boxes and paying off the old ones.
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