Skip to main content

Adventures In Absurdly Unfounded, Highly Suspect Rumors, Jack Donaghy Edition

  • Author:
  • Updated:

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.