Regional bank bond prices outperform stocks of late — a sign that debt investors are growing more comfortable

📆 6/5/2023 3:47 PM
📰 MarketWatch

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Corporate bond prices for Western Alliance Bancorp have outperformed stock prices lately, while Zions, Keycorp, Comerica bond prices have moved higher.

Corporate bond prices in at least four regional banks have been gaining ground at a greater pace than equity prices in a sign of stability after a volatile few months for the sector.

Corporate bonds in Western Alliance Bancorp WAL have been particularly strong, with prices currently outperforming its stock price, according to data from BondCliQ. The bond price moves suggest that for now, bond investors appear to be slightly more bullish on the regional banks than common stock investors.

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