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IPFS News Link • Central Banks/Banking

Bond giants Pimco and Invesco are facing losses of hundreds of millions...

• Business Insider

-Some of the biggest names in fixed income are nursing their wounds after Credit Suisse's rescue.

-Bond giants Pimco and Invesco lost hundreds of millions of dollars, according to data from Bloomberg.

-They held Credit Suisse's AT1 bonds – which were marked down to zero by the Swiss regulator a week ago.

Some of the biggest names in fixed income investing have lost millions of dollars following the rescue of Credit Suisse by its rival UBS last week.

Pimco and Invesco both suffered massive losses because they held the failed Swiss bank's Additional Tier 1 bonds, according to data from Bloomberg.


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