The mounting pipeline of summer CMBS deals are likely to price wide across the capital structure as investors react to macro-economic uncertainty, Bank of America Merrill Lynch analysts said in a CMBS securitization report this week.

They explained that the pipeline over the next two months is likely to include six conduit deals totaling $7.5 billion. Pricing on the offerings is expected to keep in line with trends experienced over the past weeks that include both widening spreads and a steepening of the credit curve resulting from yield-driven triple-A buyers requiring higher yields, while credit buyers demand greater risk premiums.

Subscribe Now

Access to a full range of industry content, analysis and expert commentary.

30-Day Free Trial

No credit card required. Access coverage of the securitization marketplace, including breaking news updated throughout the day.