bullish
Bank Credit Weekly: Melt-Up in Asset Prices or Melt-Down in Conviction?
186 Views15 Feb 2021 04:40
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 melt-up grab for yield rather than a melt-down.
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Hank Calenti, CFA
Financials Credit Analyst
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