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Corporate bank bond-buyers wade in, even as stocks get clobbered – Vested Daily

Corporate bank bond-buyers wade in, even as stocks get clobbered

https://images.mktw.net/im-36780837

Published:

Jitters around a recession were hitting bank stocks harder than most other sectors on Tuesday, even as corporate bonds issued by the country’s largest financial firms drew in buyers.

With stocks moving lower as Wall Street faces the official start of trade tariffs by the Trump administration, Citigroup Inc.’s stock

C and Bank of America Corp.’s stock BAC both fell about 5%.

This post was originally published on Market Watch

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