Wall Street Crowds Trader Joe's for Bond Deals

"Wall Street has had difficulty competing against insurers and government-supported housing agencies since CMBS sales revived in 2010, according to Darrell Wheeler, a bond strategist for Austin, Texas-based Amherst Securities Group LP. Issuance of the securities, which peaked at $232 billion in 2007, plummeted to $11.5 billion in 2010. Wall Street arranged $28 billion of the debt last year."