Following another banner year, US markets open 2026 with growth signals and renewed rate focus.

The US structured notes market kicked off the year with unprecedented momentum, collecting US$19.1 billion from over 5,600 issues in January, an all-time monthly high, SRP data shows. That sales volume is 36.1% higher from last December and a 53.5% increase year-on-year. It also represents a tick-up from the previous peak seen last August when the volume hit US$19.0 billion. Approximately US$10.0 billion of the monthly structured notes sales, or 52.4%, came from autocallable structures, some o