Deutsche Bank AT1s stage uneven recovery as financials lag broader rally

By Dan Alderson

The prompt secondary market backlash to Deutsche Bank’s plans for a major haul of its investment banking business has abated, with AT1 bonds experiencing a revival and outperforming equity. But while there has been little contagion to the rest of the AT1 space, financials are lagging the broader European credit rally

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TAGS: CDS Europe High yield bonds Investment grade credit Deutsche Bank Abacus