US Wrap: Hope for the optimists in 120 note flood

The US market has shown the most convincing proof of life in the year to date, with 120 notes being launched over the final stages of last week. Barclays Bank issued the majority, putting an impressive 89 new reverse convertible notes into the market single-handedly.

The notes dwarfed ABN Amro's offering of 20 reverse convertible notes, which would have been relatively major on any other day in the market. Inevitably, both banks doubled up notes on several stocks, making duos available for Alcoa

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