The New York Federal Reserve posted late yesterday the list of bonds that were accepted and rejected as collateral for the second round of legacy CMBS Term ABS Loan Facility (TALF).

This time, the New York Fed accepted 83 bonds, but rejected three. According to a report from Bank of America Merrill Lynch analysts, this round's rejection rate (~3.5%) was similar to the first round, where the Fed rejected one of the 36 bonds submitted (~2.8%).

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