Jpmorgan chase & co. made a matter- of-fact announcement late last month that passed almost unnoticed in the financial world. The House of Jamie Dimon said it had sold a $1.1 billion securitized bond issue backed by a pool of commercial mortgages. Though the announcement of a ten-figure securitized bond was a weekly, if not daily, event just three years ago, that's certainly not been the case since the financial crisis blew up the securitization market in 2008. Still, JPMorgan's commercial-mortgage bond issue-two times oversubscribed-was a signal that one of the most crucial components of the capital markets is healing, albeit slowly.
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