Structured notes sales begin to trend downward in line with the US equity market following a strong start of the year.

The US market collected US$9.9 billion notional across 3,128 structured notes registered with the US Securities and Exchange Commission (SEC) in February, a 14.9% decline from January or down 11.6% year-over-year (YoY), SRP data shows. The S&P 500 dropped 1.42% to 5,954.5 on 28 February compared to January, along with a decline in the Magnificent 7. The US equity market started the month with the expectation that Trump’s tariffs on Canada, Mexico and China would come into effect on 4