Investors are likely to go on a brokerage-debt buying spree because of cheap prices and the prospect of merger mania in the financial sector, one bank bond analyst says.

Like most corporate debt, brokerage bonds have rallied since hitting record lows in October.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.