US Wrap: Fast-paced issuance jumpstarts week

US dollar plane

Issuance levels are showing no sign of slowing in the US, with Barclays offering reverse convertible notes on yet another new swath of domestic stocks, while Royal Bank of Canada (RBC) has gone beyond small caps in the search for yield.

RBC's accelerated growth note is linked to the iShares Russell MicroCap Index Fund, which contains 2,000 stocks – 1,000 from the bottom of the Russell 2000 and the other half from smaller US-listed stocks. Investor participation in the fund will be 200%, up to a

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