Although there's more expected in terms of conduit issuance, the last conduit expected for August -- BACM 06-4 -- priced last Friday.  For all of August, conduit issuance totaled $9.8 billion in four deals.  This compares to two deals in July amounting to $3.2 billion.  August pricing spreads on average are one basis point weaker versus July's averages, with BBB and BBB+ slightly more. 


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