While Deutsche Bank credit instruments hover near their worst ever, the stock price had been jawboned and squeezed higher enabling the issuance of more junk-priced debt… until today. The first close back below €12 in over a week has some worried, confirmed by Buba’s Dombret denial – “European bank sector concerns are overstated.”
- *DOMBRET SAYS CONCERNS ABOUT EUROPE BANK SECTOR OVERSTATED
- *DOMBRET SAYS SOLVENCY OF EUROPE BANK SECTOR NOT IN DOUBT
Record wide credit spreads, surging interbank rates, yuuge USD liquidity demand…
Yeah no ‘doubt’ at all.