US wrap: Financials used for products as economy recovers

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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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