BaFin ban dashes hopes of imminent senior recovery
The move by BaFin on Tuesday evening to ban uncovered short selling of eurozone sovereign bonds, credit default swaps and the shares of 10 German financial companies sent a shock through the FIG bond market on Wednesday.
New issuance will be pushed back at least another week until clarity emerges about the extent of the ban, said investors and bankers.
I really dont understand the timing of this as it has now caused a lot more volatility, just as things were calming down in response to
Please take a trial or subscribe to access this content.
Contact our subscriptions team to discuss your access: firstname.lastname@example.org
To discuss GlobalCapital access for your entire department or company please contact our subscriptions sales team at: email@example.com or find out more online here.