AT1 Bonds – Relval, Issuance, Buffers, Focus Names: BI Replay
What will performance for European and emerging markets bank AT1s look like in 4Q, after generating +2.9% positive excess returns year-to-date despite September's sell-off? Carry remains relatively high but scope for widening vs. T2 is possible, given tight valuations and a fragile market backdrop due to inflationary risks and broader market concerns. What about AT1 technicals and credit fundamentals? Please join our BI credit analysts Jeroen Julius, Ruben Benavides and Tolu Alamutu on Wednesday September 30, 2pm UK, for a webinar on these and related AT1 questions.