Credit Suisse Crisis
Credit Suisse’s Riskiest $17 Billion Bonds Rise After UBS Deal
- Quotes on AT1 bonds rose to 50-70 cents, up from 20-40
- Traders bet UBS deal will spare bondholders major losses
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Credit Suisse Group AG’s riskiest bonds rose sharply as traders bet that UBS Group AG’s deal to buy the troubled lender would spare holders significant losses.