In the structured finance space, the Sept. 13 Federal Reserve announcement that it is beginning a new quantitative easing program of buying $40 billion in MBS per month is set to have the most impact on levered CMBS pricing levels.

As investors accept that the very low rate environment is here to stay some have been driven to add incremental basis points in these riskier sectors, Citigroup Global Markets analysts said in a report today.

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