Two long-dated, sterling CMBS transactions were pulled from the market at the beginning of November, as issuers surveyed the price they would have to pay for their deals to clear, and decided to wait for better times.

Asset backed analysts pointed out that both deals were aimed at particular investors, those U.K. pension funds and insurance companies that buy long-dated, fixed rate sterling deals. "If a couple of them pass, that makes it difficult," said one analyst.

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