Dealers continue to build up big positions, but they've been wrong, in terms of timing, before. It also may indicate that they're just not finding the other side of the transaction.
Sunday, August 26, 2012
CMBS Rally to continue?
A lot of people thinks so, but it might taper off after seeing a week of pretty strong supply and what appears to be waning demand.
Dealers continue to build up big positions, but they've been wrong, in terms of timing, before. It also may indicate that they're just not finding the other side of the transaction.
I'll report back the precise future as soon as I get this time machine figured out.
Dealers continue to build up big positions, but they've been wrong, in terms of timing, before. It also may indicate that they're just not finding the other side of the transaction.
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