Spreads "SLASHED" due to high investor demand.

WSJ headline writers must keep a little book of crazy but eye-catching adjectives:

The dealer slashed yield spread premiums on bonds just below the safest tier of debt, a sign that investors are growing comfortable enough with the economic and real estate recovery to take slightly greater risks. Such bonds have also lagged a rally in CMBS this year, enhancing their attraction relative to top-tier debt, according to Roger Lehman, a strategist at Credit Suisse.

Tranche	Rating (F/M)	Size ($mm)	C/E	WAL	Talk	Final Guidance
A-1	AAA/Aaa	48.958	30.00%	2.29	S+65	S+55
A-2	AAA/Aaa	77.841	30.00%	4.64	S+105	S+105
A-3	AAA/Aaa	115.586	30.00%	6.86	S+135
A-4	AAA/Aaa	416.502	30.00%	9.6	S+115	S+110
A-M	AAA/Aaa	92.95	20.13%	9.82	S+225	S+185
B	AA/Aa2	44.711	15.38%	9.89	S+325
C	A/A2	32.944	11.88%	9.89	S+425	S+385
D	BBB-/Baa3	52.946			S+625	S+600