Bank of America/Merrill Lynch Strategy Memo Discusses Volatility Trades and European AT1 Yields

Summary

Bank of America/Merrill Lynch Strategy Memo Discusses Volatility Trades and European AT1 Yields The passage is a routine investment strategy memo that mentions market volatility, derivative positions, and European AT1 yields. It contains no specific allegations, names of high‑profile individuals, or novel financial misconduct. The only actionable leads are generic trade ideas, which are of low investigative value. Key insights: Mentions European AT1 (contingent convertible) bond yields as attractive for total‑return investors.; Notes low realized volatility across major indices in 2016 despite Brexit and the U.S. election.; Describes specific derivative trades: Eurostoxx put spreads (3000‑2850 and 2500‑2600) and a Kospi forward volatility position.