Citi US sales plunge, Asian option stands out

Citigroup Global Markets Holdings, the issuance entity of Citigroup in the US, saw its sales of structured notes dive in the final quarter of 2023.  In Markets, our fourth quarter fixed income results were disappointing as we saw a significant slowdown in December - Jane Fraser There were 865 SEC-registered structured notes sold at US$1.7 billion in Q4 2023, which was halved year-on-year (YoY), or down 46.5% quarter-on-quarter (QoQ). Accordingly, the full-year sales volume dropped 18.6