Conflicting Headlines on the State of CMBS

Can someone please explain how these two headlines can square with each other? See my last post for the proper explanation. What they don’t report should worry everybody!

1. Moody’s: CMBS Loan Delinquencies Soar 79% in 2010

http://www.dsnews.com/articles/moodys-cmbs-loan-delinquencies-soar-79-in-2010-2011-01-14

2. US CMBS rallies as bid-lists boom

http://www.structuredcreditinvestor.com/story.asp?PUB=250&ISS=22394&SID=28973&TS=1&article=US%20CMBS%20rallies%20as%20bid-lists%20boom