Steady volumes amid record issuance and stabilized rates.
The third quarter of 2025 continued the trend of steady sales volumes within the German structured products market with a rise to €4.77 billion (US$5.44 billion), up from €4.55 billion in Q2, +4.65% QoQ and a noticeable 7.78% YoY. Issuance reached a record high at 7,881 products, compared to 7,128 recorded in the previous quarter. This past quarter also marked the first time in two years with no rate cuts from the European Central Bank , although the effects of the 11 June cut to the d