These look like perpetuals/subordinated bonds - similar but not quite the same as the AT1/cocos (additional Tier 1/contingent convertible bonds) that were written down to zero in the UBS/Credit suisse takeover.

 

At these prices they are trading somewhat worse than LUMN 2039/2042 (what I recall a few days ago, my terminal needs to be reset so i can't check) but not totally out of whack if someone needed to exit. There were AT1 funds that (foolishly) focused solely on this fixed income class. Maybe they held some and had to exit.

 

Nouriel Roubini believes that while the Fed may pause it will be forced to continue raising rates as inflation is still too high. Just something to keep in mind...