GM CDS and LCDS Auction
General Motors CDS
Final Price: 12.5
Net Open Interest was $529.098 million to buy
General Motors LCDS
Final Price: 97.5
Net Open Interest was $46 million to sell
Source: Creditex/Markit
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June 12th, 2009 at 8:34 pm
FYI – weighted average offer on GM CDS was $13.98. BNP, UBS, Citi were the most interested in getting done (lowest average offer)
June 12th, 2009 at 8:41 pm
THX. Greed is back ;_)
The LCDS is the surprise, for me at least.