Bloomberg
Riskier AT1 Debt Is Most Stable in This Upside-Down Bond Market
Thursday, August 20, 2026
AT1 bonds, which are subordinated debt instruments issued by banks, experienced less volatility than higher-rated bond categories during recent market fluctuations in 2026. The bonds, which carry higher credit risk than senior bank debt, maintained more consistent pricing compared to investment-grade and government securities during the period.
