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Dual currency notes find favour with treasurers under pressure to boost yields amid higher rates
Some corporate treasurers are taking advantage of more volatile foreign exchange and interest rate markets to invest their foreign cash holdings into yield-enhancing structured products, as an alternative to deposits or money market funds.
Dealers say corporate treasurers are increasingly under pressure to improve returns on cash in the higher-rate environment, and have been turning to dual currency notes (DCNs) as a result. Rising FX volatility and wider interest rate differentials result in a
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