There were at least seven multi-sector collateralized debt obligations in the market last week, four of which were CDOs of CDOs, driving a strong bid for mezzanine and subordinated CDO paper.

Morgan Stanley Dean Witter was showing investors a $200 million to $300 million CDO-backed deal for Triton Partners, while Lehman Brothers has the books on a deal for Coast Asset Management, also backed by CDOs, size unknown.

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