First-Half Note Sales Fall Amid Low Volatility
Structured-note sales fell during the first half of the year in the U.S. and Europe, as lower stock volatility and interest rates left issuers struggling to offer attractive terms.
U.S. issuance dropped to $20.2 billion during the period, 6 percent less than last year and the least for the first six months since the start of 2010, when Bloomberg began collecting comprehensive data on the securities. European banks sold $41.7 billion of the securities, the slowest start in 10 years, Bloomberg data show.
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