05/13/2004 Issue

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Top Story: Less Profit, More Risk: CMBS Industry Prepares for Rising Interest Rates

As interest rates are poised to rise, some CMBS pros see tough times ahead. “I think we’re going to be OK for the next 100 to 150 basis points of increase. But once you get beyond that, you start facing issues,” says Brian Lancaster, managing director and head of structured products research in Wachovia Securities’ fixed income division.


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