Four Directors at Deutsche Pfandbriefbank AG bought 32,013 shares at between 5.410EUR and 5.559EUR. The significance rating of the trade was 56/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directo...
We take a look at the broad developments in euro-denominated AT1 markets. So far this year the tight trading levels have reflected as banks continuing to remain very active in primary markets. With the uncertain geopolitical landscape, we would remain selective on issuers and in terms of bonds.
Deutsche Pfandbriefbank has decided to discontinue its US business. While we consider the move a positive for the longer term, in the short term it will pressure earnings and is a risk to the limited MDA headroom. We are cautious on its AT1.
As we approach summer and reflect upon the already very busy and volatile first half of the year, we review our Credit Markets Outlook for 2025 and offer an update on our views, positioning and forecasts for the remainder of the year. We include our Picks and Pans on the Utilities, TMT, Real Estate and Bank sectors.
Some curve reflattening expected for covered bonds; Aareal manages to offset NII weakness with lower provisions; Deutsche Pfandbriefbank's credit metrics remain challenged; The ECB reaffirms its commitment to the digital euro and clarifies the timeline
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