Eighty percent of all volumes in Q1 came from products linked to interest rates.
Some €970m (US$1 billion) was collected from 18 publicly offered structured products in the first quarter of 2024. Sales decreased by 20% quarter-on-quarter and were down 45% compared to Q1 2023 when volumes reached their highest levels for a single quarter since Q1 2015 . The unusually low volumes seen in Q3 2023 (see below chart) were due to competition from a one-year government bond , which, with an issuance volume of €22 billion, attracted interest from many Belgian investors.