could also influence bonds backed by commercial mortgages. The long-term pressures that are weighing on stores like Macy's, most notably rising Internet sales, are not going away and may force investors to rethink the bonds' exposure to retailers, said Lisa Pendergast, a Jefferies Group LLC strategist.
announced that bidders forthe Maiden Lane assets were required to take the entireportfolio, Jefferies Group Inc. analysts said in a report thisweek. Uncertainty regarding how the banks will ultimatelydispose of the bonds still weighs on investors, according to theanalysts led by Lisa Pendergast.