Pure hell, pity the poor things who went into the AAA CPDO at 25 bp, widened 25 bp last week alone to a record of 102 bp.
Everything you want to know about the iTraxx Europe index: Five facts about the iTraxx Europe index
Analysts and traders say the sharp move has been driven by the unravelling of complex structured credit products built from derivatives, such as collateralised debt obligations (CDOs).
Sur RTL, pour l'émission "les auditeurs ont la parole", aujourd'hui (07-08) à 13h10. Au menu : l'emploi et la durée du travail après la parution de l'enquête INSEE. EDIT (15h) : quelques liens complémentaires.
How should we interpret the market’s reaction to a nationalization story about the GSEs? (Dash of Insight, Big Picture, MarketBeat) What will happen, if anything, to the senior debt holders in the GSEs? (Aleph Blog, Accrued Interest) The ...
Part V of the Going Private miniseries "The Spiral." The Board of Directors is increasingly perturbed with the Chairman and CEO, but their loyalties are difficult to shed. Self-interest also prevents any meaningful change. Meanwhile, the Chairman and CEO presents ...
Hereâs a paradox. One the one hand, thereâs good laboratory evidence that money can change peopleâs behaviour for the worse, making them less likely to co-operate (pdf) with others and more likely to cheat. But on the other hand, thereâs...
This Python didn’t process dinner very well Richard Fisher, of the Dallas Fed, on inflation: One could reasonably deduce from recent price reversals in oil and food prices that they overshot on the upside and that their price run-up was ...
Fannie and Freddie are down again; the shares are so cheap at this point that even a relatively modest fluctuation of less than 80 cents in the Freddie share price will hit the headlines as a 20% move. The fact ...
“It’s not a solvency problem; it’s a liquidity problem.” So many people say regarding some financial firms that are on the ropes. I’ve never liked that way of expressing the problem. Let me explain why. When does a firm typically ...
CNBC's Charlie Gasparino broke news yesterday of the latest capital raising attempt for Lehman brothers: a warrant offering a 25 per cent stake in Lehman and a 70 per cent stake in its investment management business, Neuberger Berman. The twist ...
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February 12th, 2008 at 5:07 pm
[...] we go: Correlation on the five-year investment-grade Markit iTraxx Europe index - a measure of investor fears of a system-wide crash - reached new highs of 45 percent today. [...]