Archive

Daily Archives: 18th January 2019

18th January 2019

You want yield but from “Almost safe bank”? | Bank Capital Insights

What yields 8.5% YTC and 6% YTP and is issued by the “most defensive” European bank?

In the land of the high yielding USD AT1s, a number of issues appear very attractive to own given cash prices and recent sell off.  Out of that lot, a couple of issuers stand out given their strong balance sheet, low risk business model and are shielded from most tail risks.  One such name is UBS which reduced the reliance from the volatile FICC units to more stable wealth and asset management businesses.   The UBS 5 Perp 23 AT1 in USD…..

Continue reading