US wrap: Financials used for products as economy recovers

US banks used for reverse convertibles

Issuance in the US market has been slow over the past week and would have completely stalled if it were not for a handful of products. The latest offering consists of just two products from Barclays, including one based on a financial company.

Financials are a steady investment theme in the US market and, as the world emerges from the banking crisis, there is some consensus they are a good investment, as prices are expected to rise.

The Reverse Convertible Notes linked to Zions Bancorporation

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