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Financial Services Roundup: Market Talk
0929 ET – French Additional Tier 1 (AT1) bonds could continue their weak performance relative to other European AT1 bonds following the announcement of snap elections in France, ING senior financials strategist Suvi Platerink Kosonen says in a note. AT1 bonds are risky debt issued by banks to meet regulatory capital requirements. French AT1 bonds have underperformed their peers since the start of 2024 due to their expensive trading levels at the start of the year, ING says.
The Wall Street Journal•
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