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UBS AG London Branch FR SP ETRACS REDEEM 24/05/2041 USD 25 - Ser B
It's a double-edged sword for the sector, say KBW's Ryan Lynch and Paul Johnson. If the Fed cuts because of worsening economic fundamentals, than that suggests loan losses could be on the rise. If the cut is more of a pre-emptive move to combat low inflation, that's not as bad, but still could pressure portfolio yields.
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