U.S. Note Sales Poised for First Rise in Three Year
U.S. structured note issuance is poised to gain for the first time in at least three years, propelled by securities tied to stocks as the Standard & Poor’s 500 Index soars to record highs.
Banks have sold $37.6 billion of the securities through November, compared with $37.1 billion over the same period last year, according to data compiled by Bloomberg. Investors bought $3.61 billion of structured notes last month.
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