Gerard Cassidy, managing director, co-head of global financials research at RBC Capital Markets, joins BNN Bloomberg to discuss earnings from Citi, JPMorgan and
The biggest U.S. bank issued bonds in four parts, according to a person with knowledge of the matter. The longest portion of the offering, an 11-year security, yields 1.07 percentage point, or 107 basis points above Treasuries, after initial discussions of around 135 basis points, said the person, who asked not to be identified as the details are private.
The risk of a hard landing in the U.S. economy remains low, which makes bonds from financial institutions attractive, according to Matt Brill, head of North America investment-grade credit at Invesco Ltd. The top banks are expected to borrow more than they usually do after they post earnings as they take advantage of falling yields and get ahead of upcoming U.S. elections that could potentially bring market turmoil.
France Dernières Nouvelles, France Actualités
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