Bevan: ‘I Worry the Market Has Become Detached From the Underlying Businesses’

Shares of Deutsche Bank are higher by 12% in Germany today, continuining the rally after the FT reported the company might buy back some of their bonds. Their COCO bonds are trading high 60’s/low 70’s, on par with Amazonian banks in the jungles of Brazil and Greece.

Not everyone agrees with the assesssment of the market, when it comes to DB. James Bevan from CCLA believes there is ample liquidity, with a modicum of currency risk.