I think almost every bank hybrid has been oversubscribed, but that didn't stop them from eventually falling towards 90. SGB was an unusual case because it was getting taken over, giving holders an option.
If the financial system does stabilise for good, AND we don't get hyperinflation from all the money printing, then hybrids will trade high and most importantly, remain high. Otherwise, just look at the recent examples.
When you salivate at these yields you should always ask youself why the bank is offering you this yield? Are banks the kind of people who like giving you easy money?
If the financial system does stabilise for good, AND we don't get hyperinflation from all the money printing, then hybrids will trade high and most importantly, remain high. Otherwise, just look at the recent examples.
When you salivate at these yields you should always ask youself why the bank is offering you this yield? Are banks the kind of people who like giving you easy money?