In a series of articles, SRP looks at how the five main asset classes (commodities, credit, equities, foreign exchange and interest rates), and the structured products linked to them, have performed globally over the past five years. Sales volumes, issuance, predominant underlyings, payoffs, tenors and distributors will all be reviewed while any specific trends will be highlighted. After having examined equities, foreign exchange and commodities, we now turn our attention to interest rates. In

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