CDO spread recovery hints at revival of structured credit market

Demand for legacy structured credit deals has surged in the past six months, with better quality assets offering relative value opportunities. The question now is whether this will spur a revival in primary market activity. Rewind 18 months and the financial press was awash with commentators predicting the permanent demise of the structured credit market. While there was some talk of the most basic types of securitisation eventually returning in the post-crisis financial markets, the prospect

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