Derivatives activity picked up significantly over the last week. Issues included embedded derivatives, and the Texas Turnpike Authority weighed a forward swap deal.

Yesterday's New York City deal included one embedded derivative product. The $656 million deal managed by Prudential Securities Inc. included derivatives structured by Goldman, Sachs & Co. for $22 million of the 1996 maturity.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.