Within the ever-evolving global financial market, European banks like Barclays Plc $BCS, BBVA $BBVA, and UBS Group AG $UBS are capitalizing on the opportunity to engage with the US dollar-denominated bond market. By issuing Additional Tier 1 (AT1) bonds, designed to absorb losses during financial disruptions, these banks aim to bolster their capital reserves. In recent years, the AT1 bond market has gained traction as European banks actively pursue opportunities to raise capital.