BREAKING: The global volume of complex finance products has hit $380 billion year-to-date, the most since 2007, a year before the Financial Crisis.

Volume in these products has officially exceeded the 2021 high of ~$370 billion.

This surge has been driven by rising risk appetite as markets have rallied deep into record high territory.

These products offer higher returns and provide higher fees for Wall Street firms than government and corporate bonds.

Risk appetite has rarely ever been stronger.