Structured Notes >>>
Libor-tied note sales surge in February in the U.S. on the strength of a $250 million offering from Morgan Stanley. Check out our front page this week.
Here’s our page 1 this week for Structured Notes — Morgan Stanley is the No. 1 issuer in the U.S. for the first time since August 2011, Incapital sues employees they say resigned after stealing proprietary secrets, and Swapnil Pawar talks about why he’s bullish on the India market.
Will there be a “great rotation” out of credit into equity, and how will that play out in the structured note industry? Our lead story this week is on our front page, which you can view here.
Interest rate-linked structured notes, which had their worst month for sales in December in almost 12 years, are making a comeback with investors seeking higher returns as corporate bond yields near record lows. Click here to continue reading.
Distortions between bonds and derivatives that BNP Paribas SA and JPMorgan Chase & Co. say will be a feature of European markets in 2013 helped push sales of credit-linked structured notes to a four-year high last year. Click here to continue reading.
Deutsche Bank AG and Natixis are selling more structured notes tied to carbon permits, or emission allowances, as the market is more than twice as volatile this year as the Euro Stoxx 50 Index. Click here to continue reading.
Investors are turning to secondary markets to buy notes that pay fixed interest rates before switching over to a floating benchmark, as securities issued more than a year ago offer better terms than new issuance. First-time sales in the U.S. of fixedto-floating rate securities were $29.1 million in November, according to data compiled by Bloomberg. That’s less [...]
U.S. investors are buying 65 percent more notes linked to a basket of U.K., European and Japanese stock indexes this year, spurred by a 12 percent average gain in the benchmarks since May. Banks have sold $908 million of U.S. notes tied to the Euro Stoxx 50 Index of the 50 largest euro-area companies, the U.K.’s FTSE 100 Index, and Japan’s Tokyo Stock Price Index, known as the Topix [...]
A decline in Brazil’s real and a ratings upgrade for Nigeria are spurring sales of structured notes tied to emerging market sovereign debt, while issuance of similar securities linked to euro-area nations dries up. Click here to continue reading.