AT1 bonds, also known as perpetual bonds, do not have any fixed maturity and are billed as quasi-equity – a risker security. Most of such securities have a five-year call option, an exit option for investors provided the borrower exercises it.
Dollar jumps as Fed holds rates but projects one hike later this year
The dollar strengthened as the Federal Reserve held interest rates steady but signaled a potential hike later this year, with policymakers raising inflation projections. New