Simon Adamson, head of global financials research at CreditSights said via a note that the bond will “presumably remain an obligation of the enlarged UBS, alongside CS’s senior bonds,” adding…
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Simon Adamson, head of global financials research at CreditSights said via a note that the bond will “presumably remain an obligation of the enlarged UBS, alongside CS’s senior bonds,” adding…
“The benefits are clear for CS, and it was a signal that its liquidity was strong in an effort to calm the market, which it did, but I don’t think…
Based on CreditSights data, the US HY distress ratio, a measure of risk in the bond market, also decreased from 15.2% in June to 10.6%, which is a good indicator…
CreditSights analysts wrote that around two-thirds of European banks’ AT1 are pricing in some extension/non-call risk (Term of the Day, explained below) while Asia did not have the same risk.
“We’ve already hit the all-time low point in yields in both investment grade and high yield. We don’t think the move in yields has become a threat to either investment…