Nov 11, 2009, 10:34am
Nov 10, 2009, 8:45am
Re: General Electric CDS and cash spreads blowing out today. Supposedly it's a single seller "beating down the name in all corners."
Update: Deutsche Bank was among the biggest sellers earlier, not surprising since they cut estimates. But now DB is saying buyers outnumber sellers. The seller might have backed off since the spreads snapped back up pretty quickly just before 10.
Sep 15, 2009, 2:22pm
I sense some judgment from the Bloomberg reporter here re:...
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Sep 15, 2009, 2:00pm
Tudor BVI Global: August 2009: 0.5% YTD: 12.5% ...as for...
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Sep 09, 2009, 11:27am
Goldman Sachs partner managing director Richard Kimball Jr. apparently got...
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Sep 09, 2009, 10:15am
Ladies, if you've been looking to work under one of...
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Posted by MarshallStack , Oct 01, 2008 10:30AM
Which fund just died?
Posted by fxquant , Oct 01, 2008 10:36AM
Douche Bank is toast! (Unless we, US taxpayers, bail them out).
Posted by cheesedog , Oct 01, 2008 10:41AM
We are hearing that a $30 billion Gordian Knot sponsored SIV (SIGMA) was invested heavily in asset-backed and unsecured debt in financials -- including GE credit bonds.
SIGMA has been borrowing heavily to make coupon payments, and yesterday a counterparty (apparently JPMorgan) called in their collateral backing of a repo line to them.
Much of that collateral was in the form of GE Commercial credit -- which is being sold -- and resulting in GE CDS spreads widening out.
Posted by MarshallStack , Oct 01, 2008 10:46AM
Sellers haven't backed off on the floor.
Posted by MarshallStack , Oct 01, 2008 11:39AM
Buying the paper - selling the stock - 700 wide is a no brainer. If they go out - it is time for End of Days.
Posted by cheesedog , Oct 01, 2008 11:45AM
Agree Marshall....already tighter. Technical move with no credit justification.
Posted by guest , Oct 01, 2008 11:55AM
Where is the best place to find CDS quotes online?
Posted by guest , Oct 01, 2008 12:39PM
@ 3
I am hearing the same....
Posted by MarshallStack , Oct 01, 2008 1:21PM
GE CAPITAL CORP NOTES 36962GR48
Semi-Annual 4.125 09/01/2009
97.55000 6.966
Tons offered - more than I can take.
7% - less than a year.
Posted by MarshallStack , Oct 01, 2008 1:55PM
THNAK YOU UNCLE WARREN!!!!!