[1/2] The Credit Suisse logo is displayed on a screen on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., March 16, 2023.
Credit Suisse AT1 bondholders get nothing under the UBS merger deal.
A WisdomTree exchange traded fund that tracks a broad index of bank AT1s, has dropped 11% in the past fortnight.
Credit Suisse AT1s made up less than 3% of the fund just before the Swiss bank's rescue, the asset manager disclosed.
Deutsche Bank AT1 debt is trading at 74 cents on the dollar, off last week's lows around 67 cents but still below levels seen before the Credit Suisse writedown, Tradeweb data shows.