Another day, another dud? It sure looked that way before the opening bell, with futures pointing to another down day. However, US equities managed to end mixed on Tuesday.
The Dow ended 10 points higher (0.06%) while the S&P 500 moved up 0.20%, though both spent the majority of the day in negative territory. The Nasdaq couldn’t complete the trifecta, as it fell 0.24% yesterday.
The CMBS market saw its first day with any meaningful trading volume in about two weeks. About $100 million was out for bid yesterday. Cash spreads at top of the credit stack were unchanged, but new issue BBBs widened modestly. CMBX spreads were largely flat after widening on Monday.
Compliments of Trepp, LLC – A ember of the EACCNY.