US December and FY2022: close yet so far

Some US$6.8 billion was collected from 2,318 structured notes in December 2022 – down 19% by sales volume compared to the prior year month (Dec 21: US$8.4 billion from 2,782 products). Seventy of the newly issued products were withdrawn as they did not gather enough sales. Of these, 49 were issued on the paper of J.P. Morgan with BMO Financial and HSBC responsible for four products each.  Sales volumes for full year 2022, at US$93.8 billion, were the second highest recorded since the lau