May 21, 2024 09:14 GMT
CityCon: Equity Diverging From Hybrids
REAL ESTATE
CityCon (CITCON Sub: Ba3u neg / BB neg): Perps Lower; Equity Higher
CITCON Perps are diverging from the recent Equity performance.
- CITCON 4.486 Call Nov-24 has seen a bout of profit-taking seeing it fall from 88.50 to 79.50 since April 1
- CITCON 3.625 Call Jun-26 fallen from 72.60 to 65.00 in the same time
- CTY1S equity is up 18% in the same period.
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