Major banks prepare for comeback of CDO market

12/16/2009 | Bloomberg

JPMorgan Chase, Citigroup and Bank of America are preparing for a return of the market for collateralized debt obligations backed by high-yield loans. "We are actively discussing the market environment with our clients, and think that they are going to be increasingly attracted both to the leveraged-loan asset class and securitization technology and applications related to the high-yield space," said Philippe Roger, global head of structured-credit trading at JPMorgan.

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