Buyers emerge after days of price falls but little trading in AT1

After a week of seeing prices fall on geopolitical and macroeconomic concerns, but with little actual trading of bonds taking place, buyers began to emerge on Thursday for additional tier one securities on the secondary market. Prices are now at a level that both the buy and sell side said could attract new investors into the product — if they don’t recover too much once investors shake off their fears and resume the reach for yield.