CHICAGO - Despite price tightening in the triple-A and triple- B levels in CMBS, panelists at Information Management Network's Insurance Investing Summit last week said that there is still a lot of opportunity in double-B CMBS and some in double-As and single-As.

Participants in the session on CMBS portfolio investing said that the CDO bid in triple-B product has caused pricing to come in dramatically for triple-B CMBS paper. This has recently caused investors to flock towards other higher-yielding products such as home-equities. Aside from this, a strong secondary market for double-Bs has also emerged, where paper has been "trading quicker" and investors can pick up more yield.

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