US equities rose yesterday, supported by comments from US Treasury Secretary Janet Yellen that the US government would step in again if smaller banks suffered deposit runs. Investors are now firmly focused on today's Federal Reserve meeting and Jerome Powell's press conference - it will be interesting to see if the markets give the decisions a thumbs up or thumbs down. In today's episode, Dario Messi, Fixed Income Research, looks at the surprise write-down of Credit Suisse's AT1 bonds following the UBS takeover announcement.

00:14 Introduction and markets wrap-up by Bernadette Anderko & Mike Rauber (Investment Writing)

07:28 Bond market update with a focus on AT1 by Dario Messi (Fixed income research)

11:29 Closing remarks by Bernadette Anderko (Investment Writing)