bullish
Bank Credit Weekly: Melt-Up in Asset Prices or Melt-Down in Conviction?
183 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.
SUMMARY
(Sign Up to Access)Begin exploring Smartkarma's AI-augmented investing intelligence platform with a complimentary Preview Pass to:
- Unlock research summaries
- Follow top, independent analysts
- Receive personalised alerts
- Access Analytics, Events and more
Join 55,000+ investors, including top global asset managers overseeing $13+ trillion.
Upgrade later to our paid plans for full-access.
or
Already have an account? Sign In Now
Full Insight
(Paid Plans Only, 7-minute read)
Discussions
(Paid Plans Only)
Hank Calenti, CFA
Financials Credit Analyst
Price Chart(Sign Up to Access)
- Bank Credit Weekly: Asia Credit Outperforms Despite Treasury Tantrum28 Feb 2021
- Bank Credit Compass: High Duration, Low Risk Notes Outperform in Feb.27 Feb 2021
- Bank Credit Weekly: Duration Admiration21 Feb 2021
- Bank Credit Strategy: Melt-Up Before Meltdown, Where to Position15 Feb 2021
- Bank Credit Weekly: AT1 Outperformance in Risk-On Environment07 Feb 2021
- Bank Macro Manifest: Risk Rally Gathers Steam as Bad News = More Stimulus07 Feb 2021
x