US Wrap: Reverse convertibles keep up solid momentum

Barclays is continuing its domination of the US structured products market with a clear push in reverse convertibles. The latest swath of issuance is the biggest so far in 2010, including 50 such notes from Barclays and an additional few from by Citi, ABN Amro and Royal Bank of Canada. The flood of notes included some more unusual stocks – Rambus, which provides computer technology, Radioshack, which sells consumer electronics, and American Depositary Receipts of Cemex, the building mat