Article
Crystal Ball Gazing: CDO New Issuance and Restructuring
From 2005 until the first phase of the credit crisis hit the capital markets in August 2007, the volume of issuance of structured finance instruments generally, and Collateralised Debt Obligations ("CDOs") in particular, rose dramatically: from US$158 billion in 2004 to US$521 billion in 2006, according to data published by the Securities Industry and Financial Markets Association (SIFMA).

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