Though last week was viewed by commercial mortgage-backed players to be the final week for the marketing of new CMBS issues, investors lost no momentum in their drive to devour attractive bonds.

Reaping the advantages of pricing after the U.S. presidential election crisis was settled, the Lehman Brother/UBS Warburg conduit, for $996 million, was said to have fared extremely well, though one market source noted that "the five-year got a little hung up." The majority 10-year part of the issue came at talk levels, with the $439 million, 9.71-year senior tranche printed at +41 over 10-year swaps.

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