Banks toss bets for high-jeopardy bonds
Investors who profited from high-risk bonds created after the financial crisis are now confronted with a new reality: they may not receive their payments. These bonds, known as AT1 bonds or perpetual bonds, were typically sold by banks with a repayment option triggered after five years. In the past, investors received their money back, and […]
Policymaker assembly ends with yen standing upright
The yen demonstrated a significant strengthening on Tuesday in response to the news of an upcoming meeting between Japan’s finance ministry and central bank. Simultaneously, the dollar surged to a two-month high against a basket of its peer currencies following the resolution of the U.S. debt ceiling issue. After the news was made public, the […]