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Daily Archives: 11th February 2019

11th February 2019

(Free Content) Trade Ideas – What You’ve Been Missing!

GJ Prasad’s Trade Ideas column has been providing actionable, tactical trading ideas in bank subordinated debt and single name CDS in the form of a weekly note.

Here are a few of the trade ideas so far which you can now read free of charge to get a feel of what this new subscription service offers:


Want a nice trade to play SANTAN AT1 call decision? | Trade Ideas


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


Food for Thought Idea in USD AT1 Land | Bank Capital

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11th February 2019

Relative Value in EUR High yield AT1s | Trade Ideas

Periphery or Core Eurozone AT1..tough to choose..


In general, investors seem to like owning AT1s issued by core Eurozone banks and avoid those issued by peripheral banks, especially the Italians. They are probably right to do so to a large extent given the potential tail risks emerging from Italian politics, for example. But, what if there is a core Eurozone bank that is mostly EM in nature but benefits from its Austrian domicile?

That brings us to our trade idea for this week – Long the UCGIM 6.75 Perp 21 at 98 cash price and short the RBIAV 4.5 Perp 25 at 82 cash price…

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