The CMBS market rallied for a second straight day. The sector was boosted by rising equity markets and word that new CMBS deals in September are being well received by investors, according to Trepp.

Morgan Stanley and Bank of America sold the top-rated 10-year portion of their $1.5 billion CMBS at 185 basis points over the benchmark swap rate yesterday. This happened after the banks marketed the debt earlier at as much as 215 basis points, according to a Bloomberg report.

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