Commodity-Tied Note Sales Slump to 9-Year Low
Banks are selling the least structured notes tied to commodities in nine years as investors shun the securities amid a slowdown in China’s economy and the prospect of the U.S. Federal Reserve winding down stimulus.
Global issuance in the first half of the year fell to just over $2 billion, 41 percent lower than the same period of 2012 and the least since 2004, according to a report from Barclays Plc. In the U.S., banks sold $760.5 million of the securities through July 19, the lowest since at least 2010, according to data compiled by Bloomberg.
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