Sales of commercial mortgage-backed securities are set to soar this year to four times the level of 2010, according to JPMorgan Chase. The bank projects CMBS sales will clock in at $45 billion, compared with $11.5 billion a year ago, signaling a return of investor confidence in the securities. Moody’s Investors Service has projected a more modest threefold increase in issuance. JPMorgan cites junior AAA CMBS, which have seen prices rise more than 20% in the past three months to 87 cents on the dollar, their highest level since June 2008, as one example of the improved market.

Click here to read the story from Bloomberg.