The latest Market Talks covering Financial Services. Exclusively on Dow Jones Newswires at 4:20 ET, 12:20 ET and 16:50 ET.

1130 ET – UBS is expected to prioritize issuing Additional Tier 1 bonds in 2024 in an effort to raise its tier 1 leverage ratio, CreditSights head of global financials research Simon Adamson says in a note. UBS AT1 bond yield-to-perpetuity currently trades at around the same level as European peers after rising in March during the acquisition of Credit Suisse, Adamson says. “We see UBS’s AT1s as fair at these levels,” he says. UBS’s $2.5 billion AT1 bond whose first call is in January 2024 is likely to be called, CreditSights says. ([email protected])