The government's moves have been a key driver in the month-long CMBS credit rally, although it has also been sustained beyond technical factors such as the existence of Public-Private Investment Program and TALF (Term ABS Loan Facility), Barclays Capital analysts said.

The rally, analysts said, has been broad-based, across debt and equity markets and also supported by some signs of improved economic data, such as the recent employment report.   

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