Trading in First Republic bonds signals lower expectations for the stressed regional lender, which received a $30 billion deposit injection last month.
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Trading in First Republic Bank corporate debt signals a rise in bearish sentiment for the bank in the weeks leading up to its first-quarter earnings update on Monday.
Yields on First Republic Bank’s FRC 4.375% 2046 bonds steadily climbed in early April to nearly 10% on April 16, up from about 9% early in the month, according to BondCliQ, a data-solutions provider.
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