Bank Credit Weekly: Melt-Up in Asset Prices or Melt-Down in Conviction?
Melt-up in asset prices or melt-down in conviction? Short callable AT1 bonds led the ongoing rally in bank credit. Tier 2 bonds suggest more of a...
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DBS Group Holdings – COVID & India Not A Good Combo
DBS GROUP HOLDINGS: DBS reported a 4Q20 results decline of 22.0% linked quarter. Results remain troubling across the board. India deal poses...
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Bank Credit Weekly: AT1 Outperformance in Risk-On Environment
European bank AT1 significantly outperformed Asia as each EU Basel III AT1 note tightened. Concurrently, increased risk appetite drove performance...
179 Views
HSBC: AT1 Positioning for Greater Total Returns
HSBC’s recently issued AT1 is beginning to look overbought. Returns may be negatively impacted by rising interest rates. We screen for better total...
320 Views
Ping An Insurance - Awful Bank Result
PING AN INSURANCE: PAB reported a 25.1% lower linked quarter result. The bulk of the earnings decline was attributed to a 17.1% increase in costs;...
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