Bank bonds have returned 8.1% in 2012, beating the fixed income offerings of the rest of U.S....

|By:, SA News Editor

Bank bonds have returned 8.1% in 2012, beating the fixed income offerings of the rest of U.S. industry, according to BAML. The paper's popularity may show U.S. regulators have succeeded in creating solidly-capitalized institutions (FITB today became the latest to redeem preferred shares) - great for bondholders, but for stockholders maybe a different story.