The Miami Entrepreneur

New York Community Bancorp’s sole traded bond fell off a cliff this week, dragging others down with it

Read Time:8 Second

The stock’s 44% loss spread to the bank’s only bond, floating-rate notes that mature in 2028, and hurt the bonds of other small banks, too.

About Post Author

Happy
Happy
0 %
Sad
Sad
0 %
Excited
Excited
0 %
Sleepy
Sleepy
0 %
Angry
Angry
0 %
Surprise
Surprise
0 %
Previous post Layoff fears are gripping U.S. workers. Is their anxiety warranted?
Next post Fourth-quarter earnings are shaping up to be the best of 2023, but there’s a catch