Bloomberg: $22 billion US bank preferred shares slump more than junk bonds
Briefing by News4U · First published
Bloomberg reports that buyers of a $22 billion group of US bank preferred shares are trapped in a losing bet as the securities slump harder than the riskiest junk bonds this year, with investors having no good way out of the trade. [1]
Sources
- Buyers of $22 Billion Bank Securities Are Trapped in Losing Bet
Bloomberg · · Summary only