J.P Morgan, Citigroup and Morgan Stanley are marketing $1 billion of mortgage bonds with signficiant rollover risk.

The bonds are backed by a single mortgage on 1211 Avenue of the Americas, a building whose largest tenant, 21st Century Fox, could vacate before the mortgage is paid off. Adding to the risk, this 10-year loan pays only interest for its entire term, at a rate of 3.91%.

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