US Q2 2023: investors lose interest in rates, quarterly sales/issuance flat

Some 8,595 issued structured products collected US$26.7 billion in the second quarter of 2023 – down 6.4% by sales volume year-on-year (YoY). Average volumes for the quarter stood at US$3.1m per product, a slight decrease from Q2 2022 when products sold on average US$3.5m. Issuance, at 8,595 products, reached its highest level since Q1 2022 when 8,793 products were launched. YoY it increased by 6.5% (Q2 2022: 8,071 products). Two-hundred and forty-five products were withdrawn as they d