Report
Bank : Bank bonds: what to expect in 2023?
The underperformance in 2022 is attributable to continued high volumes in primary markets, under pressure from MREL requirements, whereas corporates were less present. It is also attributable to an increased maturity extension risk for AT1 notes and, for Tier 2 bonds in 2022, which is unprecedented. - These remarks remain apposite in this early year 2023, marked by spread widening on financials indices and a substantial flow of primary issuances. - Even so, the yields on senior pre...
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Oddo BHF
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
Carine Maciol
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