Goldman Sachs sees risk of ‘permanent destruction’ in demand for AT1 bonds

NEW YORK, March 20 (Reuters) – The Swiss authorities’ decision to cancel Credit Suisse’s Additional Tier 1 (AT1) bonds could reduce demand for these types of bonds in the long term, a strategist at Goldman Sachs, but the risk of contagion across credit markets was limited due to the relative niche nature of the asset … Read more