Issuance of commercial mortgage bonds has gotten off to a slow start this year, and the pace is unlikely to pick up soon, according to panelists at a securitization industry conference,

Just $7.8 billion of private label CMBS priced in February, bringing this year’s total to $10.6 billion, down 34.5% from the same period of 2015, according to Kroll Bond Rating Agency.

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