Structured Notes >>>

    ETN Assets Surge on Dividends, Higher Liquidity

    Holdings of U.S. exchange-traded notes have climbed by about a third this year while sales of unlisted structured securities stagnate, as investors prefer their greater liquidity and access to dividends. Issuance of structured notes fell to $28.5 billion this year through Sept. 20, down less than 1 percent from the same period of 2012, according [...]


    Buyers Favor Rate-Tied Notes Over Credit-Linked

    Sales of structured notes tied to interest rate moves are surpassing those linked to credit risk for the first time in almost two years as investors seek to profit from rising rates. Deutsche Bank AG and DZ Bank AG led sales of $4.74 billion of rate-tied notes in the third quarter through Sept. 18, exceeding [...]


    Note Buyers Boost Bets on European Stocks

    U.S. investors are increasingly buying structured notes tied to European stocks in preference to domestic equities as the area emerges from recession and the Federal Reserve prepares to slow asset purchases. Sales of U.S. notes linked to the Euro Stoxx 50 Index climbed to $379.2 million in August and total $2.01 billion for the year, [...]


    Buyers Renew Gold Bets as New Fed Chair Looms

    Investors are increasing bets on structured notes that profit on gains in gold, as its price rebounds on the prospect of the Federal Reserve keeping interest rates low and the U.S. taking military action in Syria. Banks in August sold $107.4 million of U.S. notes tied to gold or companies that mine the precious metal, [...]


    Fixed-Income Flight Sends Sales to 11-Year Low

    Global sales of structured notes in August are on pace to fall to an 11-year low as investors shun the securities amid concern that fixed-income assets will be hurt by a tapering of the Federal Reserve’s bond purchases. Banks sold $2.18 billion of the securities in Europe and Asia through August 28, down from $6.9 [...]


    Investors Try to Replace Yield as Notes Redeemed

    U.S. investors are increasingly losing attractive terms on structured notes as banks redeem more of the securities this year because of their improving health and soaring stock markets. Issuers have called $5.74 billion of notes in 2013, 42 percent more than the $4.05 billion through the same period last year, according to data compiled by [...]


    Notes Tied to Currencies Fall on Stronger Dollar

    Sales of structured notes that bet on a weakening U.S. dollar have stalled after the busiest first quarter since 2010 on concern that reduced Federal Reserve stimulus may strengthen the currency. To read more, click here.


    Bank of America Regains Top Spot For U.S. Sales

    Bank of America Corp. is poised to become the top seller of U.S. structured notes for the second straight year, issuing its highest proportion ever of securities tied to stocks. The bank leads with $3.28 billion of issuance, of which 93 percent, or $3.04 billion, is linked to equities. Morgan Stanley is second with $2.93 billion of [...]


    Bank of America Regains Top Spot For U.S. Sales

    Bank of America Corp. is poised to become the top seller of U.S. structured notes for the second straight year, issuing its highest proportion ever of securities tied to stocks. The bank leads with $3.28 billion of issuance, of which 93 percent, or $3.04 billion, is linked to equities. Morgan Stanley is second with $2.93 [...]


    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 [...]


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