Financial Capital Navigator

This report provides a navigator for financial capital, detailing recommendations and analysis for subordinated bank bonds, AT1, and hybrid instruments. It highlights current market trends and includes specific bond recommendations across currencies.

Key Takeaways

• 1.Subordinated bank bond spreads tightened over the week, primarily due to progress in US-Iran conflict resolution.
• 2.The Bank for International Settlements (BIS) published a critical paper on AT1 bonds, arguing their triggers are often too low to function as effective going-concern capital.

Table of Contents

• Highlighted research
• Highlighted education notes
• Current view on Financial capital
• Recent new issues
• Attractive rated USD bonds
• Attractive rated EUR bonds
• Hold-to-maturity recommendations USD bonds
• Hold-to-maturity recommendations EUR bonds
• Hold-to-maturity recommendations GBP bonds
• Hold-to-maturity recommendations CHF bonds
• Changes to bond recommendations
• RT1 bonds overview
• Hybrid bonds overview
• Dated Tier 2 bonds overview
• Issuers mentioned in this report
• Methodology
• UBS CIO risk views
• Credit risk flags
• Abbreviations and definitions
• 12 month rating history

Document Preview

Page 1 of 5

Subscribe for full accessStart Free Trial