List of All Posts


  • Greek Government Bond Market
  • Links
  • Sterling Today
  • Sovereign Risk Jolts Markets
  • Monthly Trading Volumes in Greek Government Bonds
  • Eurostat Statement on Greece’s Use of Derivatives
  • The Bank Lending Channel Revisited
  • The Future of Public Debt
  • Systemic Risk: How To Deal With It?
  • Links
  • Papers => FRBNY
  • Links
  • Scariest Chart EVER: Loss Severity, Subprime First-Lien
  • Google CDS => AAA
  • Empty Creditor Claim
  • Links
  • Quotes of the Day
  • Fed’s MBS Program
  • Variability in Nucleus Accumbens Activity Mediates Age-Related Suboptimal Financial Risk Taking
  • Links
  • Links
  • Worth Reading
  • Links
  • Scorecard: Gross National Savings (% of GDP)
  • Withdrawal and Expulsion from the EU and EMU: Some Reflections
  • Review of the Differentiated Nature and Scope of Financial Regulation
  • Link of the Day
  • Summary of a Workshop on Recent Advances in Modelling Systemic Risk Using Network Analysis
  • Link
  • Links
  • The Mechanics of a Graceful Exit: Interest on Reserves and Segmentation in the Federal Funds Market
  • [Update] Why Are Banks Holding So Many Excess Reserves?
  • Basel Committee: Consultative Proposals to Strengthen the Resilience of the Banking Sector
  • The World’s Riskiest Sovereign Debt (Update)
  • The World’s Safest Sovereign Debt (Update)
  • Liquidity Hoarding and Interbank Market Spreads: The Role of Counterparty Risk
  • Sovereign and Bank Credit Risk Premia during 2008-09
  • Macro Stress Tests and Crises: What Can We Learn?
  • Dollar Appreciation in 2008: Safe Haven, Carry Trades, Dollar Shortage and Overhedging
  • Interbank Offered Rate: Effects of the Financial Crisis on the Information Content of the Fixing
  • Capital One TARP Warrants Net $146.5 Million
  • Links
  • The Fed’s Expanded Balance Sheet
  • Links
  • AIG Regulatory Capital CDS Transactions
  • Links
  • Links
  • Bundesbank: Financial Stability Review 2009
  • A Note on Trader Sharpe Ratios
  • Links
  • Rowing and the Same-Sum Problem Have Their Moments
  • Links
  • Ten Propositions about Liquidity Crises
  • Links
  • Trichet on the Euro as Reserve Currency
  • Links
  • Starving in the U.S.A.
  • The Crisis Management Menu
  • Links
  • The Debate on the International Monetary System
  • OTC Derivatives Market Activity
  • Why Are Banks Holding So Many Excess Reserves?
  • Links
  • Complex Systems: From Nuclear Physics to Financial Markets
  • 7 Principles for Policy Exit (IMF)
  • Guidance to Assess the Systemic Importance of Financial Institutions, Markets and Instruments: Initial Considerations
  • On the Informational Properties of Trading Networks
  • Report on the Use of Government-Backed Guarantees to Promote Financial Stability
  • Links
  • Link of the Day: Thermodynamics Shows US Chief Executives Are Paid 130 Times Too Much
  • The Determinants of International Flows of U.S. Currency
  • Links
  • Technical Analysis Around the World
  • Trading Book
  • Central Bank Network of Swap Lines
  • The US Dollar Shortage in Global Banking and the International Policy Response
  • Computational Complexity and Information Asymmetry in Financial Products
  • Links
  • Is Network Theory the Best Hope for Regulating Systemic Risk?
  • The Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel
  • Fluctuation in Haircuts => Fluctuations in Balance Sheet Quantities
  • Nudge: Piano Stairs
  • The Interday and Intraday Patterns of the Overnight Market: Evidence from an Electronic Platform
  • Mutual Guarantee Institutions and Small Business Finance
  • Links
  • Share Turnover Velocity
  • Psychological Traits and Trading Strategies
  • Credit Risk Transfer Statistics
  • Thursday Links
  • Central Banker Report Cards 2009
  • The World’s Safest Sovereign Debt
  • Links
  • Report on Special Purpose Entities
  • Incentives and Tranche Retention in Securitisation
  • OCC’s Report on Bank Trading and Derivatives Activities Q2-2009
  • Tweets
  • Update: Federal Reserve Transparency and H.R. 1207
  • Macro-Prudential Supervision
  • Federal Reserve Transparency and H.R. 1207
  • Credit Default Swaps and Counterparty Risk
  • US Dollar Liquidity-Providing Operations Extended
  • CDS Market Practice Changes for Emerging Markets
  • Securitization Issuance by Type (pictures)
  • Sterling’s Recent Movements
  • Bank of England Systemic Risk Survey
  • [Gnomes] Report and Recommendations of the Cross-border Bank Resolution Group
  • Another Elsterism of the Day
  • Bloodgate and now Crashgate
  • Treasury Unwinds Supplementary Financing Program
  • Wednesday Links
  • Links
  • Worlwide ABS Issuance Off 25% YtD
  • Credit Derivatives at $31.2 Trillion
  • Elsterism of the Day
  • Sunday Links
  • Stiglitz: Banking Problems Are Now Bigger Than Pre-Lehman
  • Papers: BIS Quarterly Review, September 2009
  • This Means Absolutely Nothing
  • Links
  • Harvard Endowment Sinks 29.5%, Underperforms Benchmark
  • Sovereign CDS Update (G7)
  • Bankers Trust and the Birth of Modern Risk Management
  • 30-Year Auction
  • Links
  • Goldman Sachs: Some Investment Banking Products Socially Useless
  • G15 Commit to Expand Central Clearing for OTC Derivatives
  • Greenspan: Market crisis ‘will happen again’
  • Libor/OIS
  • High Frequency Trading: Sri Lankan Corp. Fastest
  • Links
  • U.S. Consumer Credit: Total Collapse
  • Quantitative Easing: It’s So Simple!
  • Berkshire Q2-2009
  • 30 YR SWAP SPREAD
  • Excess Reserves
  • Update: Your Bonus: Toxic Waste
  • TBAC
  • Wednesday Links
  • Liquidity Cycles and Make/Take Fees in Electronic Markets
  • About the GDP Revisions
  • GDP: down 1%
  • Friday Links
  • An Assessment of Financial Sector Rescue Programmes
  • Bank Debt Spreads over Government Benchmarks
  • Breakdown of a Hypothetical Bond Spread by Contributing Factors (Picture)
  • TARP Warrants
  • U.S.A. CDS
  • Bailout by Merle Hazard
  • Measuring Financial Innovation and its Impact
  • Flow of Information and Financial Markets
  • Provisional International Banking Statistics, Q1-2009
  • Goldman Redeems TARP warrants
  • Does it Pay to Have the Euro? Italy’s Politics and Financial Markets under the Lira and the Euro
  • Wednesday Links
  • The Role of the Securitization Process in the Expansion of Subprime Credit
  • Optimal Monetary Policy in a New Keynesian Model with Habits in Consumption
  • Monday Links
  • How Does Dark Pool Trading Work?
  • Hide-and-Seek in the Market: Placing and Detecting Hidden Orders
  • The Persistent Effects of a False News Shock
  • CDOs of ABS
  • Small Bang, Big Bang terms for settling CDS
  • Today’s Links
  • The Chinese Equity Bubble: Ready to Burst
  • Monday Links
  • The ECB’s Enhanced Credit Support: Interbank Market Spreads
  • Inflation: Solid Anchoring of Expectations
  • Sources of Finance for Corporations: EU Area vs U.S.
  • Stock Data
  • Sergey Aleynikov, Idiotic Moron
  • Credit Extended through Federal Reserve Liquidity Facilities
  • J.P. Morgan TARP Warrants
  • Pimco
  • Thurday Links
  • ECB’s “Review of the International Role of the Euro”
  • Treasury Names Firms for PPIP, Pimco Left Out
  • Wednesday Links
  • TALF (non-CMBS): Demand Collapses
  • Change to SOMA Securities Lending Program
  • Another Spy Scandal
  • High Frequency Trading: Order Latency Stats
  • Good Book
  • Monday Links
  • $750,000 Bail for ex-Goldman Programmer
  • Friday Links
  • EU Derivatives Plan
  • California Peso
  • BofA and California IOUs
  • Bankers = Lucky Fools
  • Fake Alpha (Picture)
  • Era of Responsability
  • Minimum Tick Size for 30-Year U.S. Treasury Bond Futures To Be Increased
  • The World’s Riskiest Sovereign Debt
  • The World’s Safest Sovereign Debt: Update
  • Tuesday Links
  • Monday Links
  • People Respond to Incentives…
  • Headlines of the Day
  • Win an iPod with Creditflux Credit Trading Game
  • Wet, Soap, Wash, Rinse, Dry, Repeat
  • Belt Tightening at BRK
  • ‘Stock Robot Fund’
  • Saturday Links
  • Precautionary Reserves and the Interbank Market
  • Friday Links
  • Lunch with Warren Buffett: Cheaper
  • Fed Doing Well
  • Lorenzo Bini Smaghi: Presentation of the Book “L’acqua e la spugna” by Franco Bruni
  • Thursday Links
  • International Responses to the Crisis Timeline
  • Scaryyyyyyy
  • Wednesday Links
  • ECB: Record 442 billion Euros “Stimulus by Stealth”
  • Tuesday Links
  • Speculative Bubbles and Financial Crisis
  • Casino Revenue and the Illinois Smoking Ban
  • Harvard Bond Chief to Depart
  • Reverse Convertible Bonds Analyzed
  • Credit Default Swap Auctions
  • Repo Markets
  • Collateral Pledged by Depository Institutions
  • (Tick) Size Matters
  • Sunday Links
  • Swap Burns 290-Person Italian Hamlet, Peer Pressure Blamed
  • Defining the L in BBA LIBOR
  • LIBOR Changes: Expanded Panel
  • #Links
  • Rats
  • Quote of the Day (Mervyn King, BofE)
  • U.S. Banks CDS: Further Widening
  • TALF for CMBS: No Loan Requests Were Submitted (Fed)
  • Best Blog Post of the Day: Market Analysis
  • #Links
  • U.S. Banks CDS: Widening
  • Banks and Disaster Myopia
  • #Links
  • Supranational Currency
  • Why Did FDR’s Bank Holiday Succeed?
  • GM CDS and LCDS Auction
  • Read This
  • 30-Year Bond: 4.83%
  • Spanish Banks CDS
  • Thursday Links
  • Football: What Crisis?
  • U.S. Treasury Receipts: Off 18% (fiscal) YTD
  • First Round: JSC BTA Bank CDS Credit Event Auction
  • Small Bang: New European CDS Standard Unveiled
  • Peter Bernstein, R.I.P.
  • Accelerated GM CDS & LCDS Credit Event Auction
  • Tuesday Links
  • JSC BTA Bank CDS Credit Event Auction
  • A Bad Day for Obama
  • Fed MBS Purchases: Spectacular Flop
  • 30-Year Swap Spread Will Normalize Soon
  • While I Was Away: Treasury Blinked
  • Headline of the Day: Swedish (internet) pirates capture EU seat
  • Monday Links
  • U.S. Yuan Bonds?
  • Before I Go: Links
  • From CDO Trader To Tour Guide
  • Automotive Industry Financing Program: $ 50,167,778,971 Spent So Far, GM Bankruptcy NOT Included
  • SCAP Exit (Criteria for)
  • Dow Jones Changes
  • Monday Links
  • Saturday Links
  • Deflation in Zimbabwe
  • Dartmouth College: Downgraded
  • Some Sovereign CDSs
  • Friday Links
  • Huge Drop in Central Bank Liquidity Swaps
  • 7-Year Auction
  • Credit Crunch: Latest Victim
  • Paper: The Revenge of Purchasing Power Parity on Carry Trades during Crises
  • Oh Dear
  • Kazakhstan Bank Credit Event Number 3: JSC Astana
  • Yes, Virginia, We Are On Kindle
  • Forex Scam: CFTC Charges Finance Professor with Fraud
  • Wednesday Links
  • Monday Links
  • Sunday Links
  • Top 10 Electronic Police States
  • Another Kazakhstan Credit Event
  • TARP Warrants: Linus Wilson Analysis Flawed
  • U.S.A Triple A Scare: CDS Market Reacts
  • Foreigners Love Treasuries
  • SCANDAL of the Day: Capital Backdating
  • ABCP: Largest Drop in 6 Months
  • Wednesday Links
  • C and the Indexers
  • Stock Market Capitalizations (Rankings): London Sinking
  • Japan’s GDP: Record Plunge
  • Credit Default Swap ( Google Trends )
  • More Tuesday Links
  • Paper: Liquidity Risk Premia in Unsecured Interbank Money Markets
  • Tuesday Links
  • Take down requested by Deepfoo
  • Credit Default Swaps (Statistics)
  • OTC Derivatives Market Statistics
  • JSC BTA Bank: Change of Control Event of Default (Blog Notes)
  • Monday Links
  • Saturday Links
  • Chart of the Day: Cost of Fuels to End Users in Real (1982-1984) Dollars
  • Friday Link
  • TARP USA
  • U.S. Commercial Paper Outstanding at 5-Year Lows
  • Findings on the Interaction of Market and Credit Risk
  • Thursday Links
  • Handbook on Securities Statistics
  • Stop the Nobel Prize Winners!
  • Wednesday Links
  • OIS Strips
  • Quote of the Day: “I Think There Is a Recalibration of Financial History That I Find Very Puzzling.”
  • U.S. Govnt Receipts Collapse
  • Paper: Tranching and Rating
  • B.B. on SCAP
  • Cut-and-Paste
  • MBIA Not a Succession Event
  • Psychologists Are Better Stockmarket Speculators Than Economists
  • Updated Citi Stress Maths
  • Stress Test and Unemployment Rate
  • Stress Tests: CDS Tightening
  • Citi Stress Maths
  • New York Fed Board Chairman Stephen Friedman Resigns
  • Stress Tested…$74.6 billion Needed
  • 30-Year Treasury Bond Collapses
  • ABCP Outstanding: Still Crashing
  • ECB: Enhanced Credit Support
  • Thursday Links
  • Joint Statement on SCAP by Treasury, Fed, FDIC and OCC
  • et tu, GMAC: $11.5 Billion Shortfall
  • BofA Resists
  • CSOs Go to Zero
  • Repaying TARP: U.S. Changes the Rules
  • Goldman Sachs Doing Well Under The Obama Regime (Picture)
  • Tuesday Links
  • Monday Links
  • Sunday Links
  • Substantial Mismeasurement of the Real Growth of Total R&D Expenditures
  • Thursday Links
  • Central Bank Liquidity Swaps
  • Bear Trap of the Year: Dendreon Corp.
  • Conventional and Unconventional Monetary Policy
  • Geithner’s Plan: More Than 100 Unique Applications From Potential Fund Managers
  • GDP: Change in Private Inventories (Pictures)
  • Changes in Claims of BIS Reporting Banks: Largest Reduction E.V.E.R.
  • GDP: Not THAT Bad
  • TBAC Report and Minutes
  • Proposed Merger Between LCH.Clearnet and DTCC NOT Proceeding
  • Chinese Financials CDSs
  • Quote of the Day
  • Fed Publishes Details on Maiden Lane Transactions
  • GOP Senator Switches to Dems
  • Tuesday Links
  • Non-Standard Measures: ECB Edition
  • There Are Profound Differences in the Financial Structures of the Euro Area and the United States
  • Current Estimates of Marketable Borrowing: Treasury
  • Mexico
  • Obama Motors
  • Monday Links
  • Hazards of the Flat Hazard Rate
  • Stress Tests: At First Sight, Not Very Stressful
  • OTC Derivatives Collateral: $4.0 Trillion
  • Active Managers: The (Horror) Show Goes On
  • Bank of America Sort of Beats, Thanks to a $1.9 Billion Pre-Tax Gain on the Sale of Shares of China Construction Bank
  • IFRS vs US-GAAP: European Banks Leverage Overstated (Picture)
  • Bernanke on Financial Innovation
  • Leverage Kills (Picture)
  • Household Indebtedness: The Scariest Graph E.V.E.R.
  • The Role of Valuation and Leverage in Procyclicality
  • Is Owning 0.00535714% of Goldman Sachs Significant?
  • #Links
  • Measuring Portfolio Credit Risk Correctly: Why Parameter Uncertainty Matters
  • JPM
  • TARP Index Update
  • Shadow Bankers
  • Internet Lemmings on Goldman’s “Orphan Month”
  • Best Blog Post I Read Today
  • The Limits of Transparency
  • Foreign Currency Liquidity Swap Lines, Redux
  • Gone Fishin’
  • Foreign Currency Liquidity Swap Lines
  • The Laws of the Markets
  • Robot Scientists
  • On Reputation: A Microfoundation of Contract Enforcement and Price Rigidity
  • G20 Big Winner: U.S. CDS
  • Essay by Dr Zhou Xiaochuan, Governor of the People’s Bank of China
  • G20 CDS
  • The Pricing of Subprime Mortgage Risk in Good Times and Bad: Evidence from the ABX.HE Indices
  • The World’s Best Trading Desk
  • The CDS Big Bang
  • Ireland Downgrade
  • Updated ABS Issuance Worldwide
  • Les Grands Esprits Se Rencontrent
  • The World’s Safest Sovereign Debt
  • Dump Dollar as Reserve Currency: China
  • Geithner’s Plan Toxic Assets Put Option: Not a Free Lunch, Not a Subsidy
  • The Plan: As Expected
  • A Map of Science
  • Geithner’s Plan: Good in Theory
  • B.B. on the TBTF Problem
  • Scary
  • US CDS
  • TALF = FLOP
  • Emergency Bunker for the United States Congress Goes Bust
  • The Paradoxes Inherent in the Role of Central Banks – the Case of the Central Bank of Trinidad and Tobago
  • Super Senior Swaps
  • In Light of Continued Stress in Financial Markets….
  • Impeach Tim Geithner
  • Collateral Postings Under AIGFP CDS
  • ABS Issuance
  • TALF
  • U.S.A CDS
  • Trust and Credit
  • U.S. Household Net Worth: Down $11.5 Trillion in 2008
  • Currency Crashes in Industrial Countries: Much Ado About Nothing?
  • Gotta 1000 Euros to Invest in a Sovereign FtD CLN?
  • Fed Panic Meetings Minutes Released
  • Credit Protection Madness?
  • Wolfram|Alpha
  • Coming Soon: Citi Bailout V 4.0
  • Bernanke on Systemic Risk
  • Observations on Management of Recent Credit Default Swap Credit Events
  • Interstate Interchange Dedication Ceremony
  • Central Bank Liquidity Swaps
  • NFP: Down 651000
  • Mervyn King on Moral Hazard
  • BofE Announces £75 Billion Asset Purchase Programme
  • CDS CCP Wannabe Joins Fed System
  • ABCP Outstanding
  • TALF Update
  • The Madness of Crowds
  • The US Dollar Shortage in Global Banking
  • AIG: $61.66 billion Loss in Q4
  • Warren Buffett on the Black-Scholes Formula
  • Citi: Off 40% in PMT
  • Citi
  • ISDA CDS Standard Model Launched
  • Guess What
  • MacKenzie on the Single-Factor Gaussian Copula Model
  • Bill Gross on Nationalization
  • Citi CDS
  • U.S. Bailout = 74 Marshall Plans ( and counting… )
  • New Blog
  • TARP-Linked NASDAQ Government Relief Index: Off 50%
  • U.K. “Debt” Jumps by £1 trillion
  • I Learned The Other Day That What Had Once Been My Family Home Was Recently Put Through Foreclosure
  • Fed Conference: Central Bank Liquidity Tools
  • Homeowner Affordability and Stability Plan
  • TARP Bank Lending
  • Swiss National Bank Bills in US dollars: 25 bp over U.S. T-Bills
  • Japan GDP: Down 12.7% in Q4-2008
  • Why Banks Failed the Stress Test
  • Treasury’s Gaffe du Jour
  • Sovereign CDS Big Movers
  • Outstanding Swap Lines: End Q4-2008
  • Fed Swap Lines with Brazil, Mexico: Effect on CDS Spreads
  • Long-Term Sustainability Versus Short-Term Stimulus: Is There a Trade-Off?
  • Ireland CDS
  • Animal Spirits: Akerlof/Shiller
  • Discriminatory Auctions in which the Seller has Discretion
  • Securitisation
  • Self-Regulation
  • Market Discipline
  • Moral Hazard
  • Ben’s Turn: Announces New Website
  • Geithner Speaks, Market Plunges
  • TALF Expanded to $1 trillion
  • Reflexive Modeling: The Social Calculus of the Arbitrageur
  • The Demand for Youth: Implications for the Hours Volatility Puzzle
  • Waiting for Tim
  • Bloomberg to Cut Jobs
  • U.S. Sovereign CDS Rockets to 82 bp
  • «Alles Leben ist Problemlösen.»
  • Fed Balance Sheet: Improving
  • Sponsor an Executive
  • The Failure of Models that Predict Failure: Distance, Incentives and Defaults
  • Liquidity Assessment by Respondents in the Secured and Unsecured Market
  • TBAC Discussed Super-Long (50-year) Maturity Issue
  • CDS Auctions
  • Fed Capitulates: Extends ALL Existing Liquidity Programs and Swaps
  • Wisdom of the ( Small ) Crowds?
  • The Term Structure of Inflation Expectations
  • Global Liquidity and Exchange Rates
  • Scoop: Swiss National Bank to Issue SNB Bills in US dollars
  • Fannie’s Close Call
  • Money-Market Funds: Guilty
  • GDP: Down 3.8%
  • Ireland: Riskiest Sovereign Debtor in Europe
  • Fed Explains Central Bank Liquidity Swaps
  • FRBNY: Domestic Open Market Operations during 2008
  • J.P. Morgan’s CDS Analytical Engine Goes Open Source
  • Paper: Probing the Improbable: Methodological Challenges for Risks with Low Probabilities and High Stakes
  • Spain’s Banks to “Fine-Tune” their 2008 Accounts
  • CME Trading Simulation Game Online
  • Wall St Bonuses
  • TARP-Linked NASDAQ Government Relief Index: Not Looking Good…
  • Ricardo Caballero
  • Official: New York Times is Junk
  • Money, Liquidity, and Monetary Policy
  • FX Intervention
  • Sterling Takes a Pounding
  • Soros: Recapitalize Banks and Write Down the Country’s Accumulated Debt
  • U.S. CDS
  • TARP of the Day: Chrysler Financial
  • For You, Taxpayers: AIG Credit Facility Trust
  • The Bold and the Credible: Assessing the Reliability of Financial Analysts
  • Merrill Lost $15.31 billion in Q4: BofA
  • More Good News: Repos Fails Down Sharply
  • Fed Balance Sheet: Sign of Improvement
  • Sovereign Downgrade of the Day: Ireland
  • DTCC to Expand CDS Data
  • Geithner: Hearings Postponed
  • Ecuador CDS Auction
  • 119.242 Million Stimulus Checks in 2008
  • How Many Cubes?
  • U.S. Trade Deficit Plunges 29% in November
  • BB on the Exit Strategy
  • Credit Easing versus Quantitative Easing
  • “Doom-Mongering” Financial Blogger Arrested
  • Fed MBS Purchase: $10.2 bn
  • Fed Starts $500 bn MBS Purchase
  • Your Bonus: Toxic Waste
  • 29 Red Flags
  • Hooray: Treasury Releases U.S. International Reserve Position
  • AWOL: U.S. International Reserve Position
  • Fed: Target RANGE 0 TO 25 bp
  • Lehman and Federal Reserve Assets
  • Ecuador CDS
  • Sovereign Default of the Day: Ecuador
  • How Madoff Controls Adverse Selection
  • Record Ponzi Scam: $50 Billion
  • Fed Bonds
  • WSJ: Wrong on AIG
  • GMAC Too Broke To Become a Bank
  • Official: The FED Is Clueless
  • I awlyas tghuhot slpeling was ipmorantt
  • Private Matters
  • OTC Derivatives Collateral: $2.1 Trillion
  • Inside the AIG CDO LLC Facility
  • Quantitative Easing
  • U.K. CDS Breaks the 100 Barrier
  • Official: Recession Started in December 2007
  • Only in America
  • Fed Swap Lines: Good News
  • Add $600 bn to Fed Balance Sheet
  • Latest Scam: TALF
  • Citi CDS Post-Bailout
  • The Extraordinary Events in Credit Markets Over the Last Sixty Days
  • Historic Day for the 30 Year Bond
  • GMAC Bank?
  • Moral Hazard and Adverse Selection in the Originate-to-Distribute Model of Bank Credit
  • State Supported Banks
  • Imperfect Information and Monetary Models: Multiple Shocks and their Consequences
  • Kiyoshi Ito, RIP
  • Fed Swap Lines: Massive Mark-to-Market “Losses”
  • Citi “Town Hall Meeting”
  • Must See Video
  • From the 5th ECB Central Banking Conference
  • CDS Volumes Decline
  • DTCC to Publish CDS Data
  • OIS Still Plunging
  • CPFF: $144 bln in 3 Days
  • Repos Fails: Still Near Record
  • DTCC Successfully Closes Out Lehman Bankruptcy
  • Libor-OIS
  • SLF
  • Fed Swap Lines Expanded
  • More Rate Cuts Coming
  • Libor-OIS
  • Libor-OIS
  • Dollar: Early Trades
  • WaMu and Icelandic Banks CDS Settlements
  • The Long Term Perspective on the TED Ratio
  • Carry Trade: GBP/JPY
  • Why You Should Cut Your Losses Quickly: Kerviel Edition
  • Carry Trade: AUD/JPY
  • Carry Trade: EUR/JPY
  • Libor-OIS
  • H.4.1
  • Repos Fails: Getting Worse
  • WaMu CDS Auction: Initial Results
  • Libor-OIS
  • Credit Crunch: Provisional International Banking Statistics
  • Paulson on Lehman’s Rescue: “We Didn’t Have The Powers”
  • Derivative Dribble
  • Success: DTCC Completes Credit Event Processing for Lehman Brothers
  • Fed Raises Interest Rates
  • Libor-OIS
  • Mega-Merger
  • Official Non-Event of the Day: Lehman CDS Settlement
  • Why Was Lehman Brothers Allowed To Fail?
  • The Fed’s Latest Scam: MMIFF
  • Libor-OIS
  • Bill Auction
  • Liquidity and Congestion
  • France’s Dumbest Bank “Discovers” 600 million Euros Loss
  • Hooray, TED Spread Drops to 399
  • Extended Discount Window: $441 bn New Record
  • Repo Fails
  • ECB: Central Bank Funds Have Not Solved Problems
  • CDS of the Day: Russia
  • Libor-OIS
  • Swiss Government Takes a 9.3% Stake in UBS
  • ECB To Fund BBB- Junk
  • DTCC: 209 million Transactions, Last Friday
  • Sovereign CDS Update
  • Paul Krugman Wins Nobel Prize
  • VaR
  • “Unlimited” Dollar Liquidity
  • Suspend VaR Immediately!
  • Misconceptions About the Credit Default Swap Market
  • Lehman CDS Auction: Final Result
  • Repos Fails
  • Is a Credit Default Swap (“CDS”) a Contract of Insurance?
  • Records Everywhere
  • Fed $ Swaps Outstanding
  • A Strange Lender of Last Resort
  • Carry Trade Bloodbath: AUD/JPY
  • Fed: We Are Doing This ‘Cause We Are Tapped Out
  • Fed To Pay Interest on Required and Excess Reserves
  • Forms of Federal Reserve Lending to Financial Institutions
  • Liquidity
  • Dollar
  • Seventeen Principles and One Hundred Forty Seven Subprinciples for Sound Liquidity Risk Management and Supervision
  • International Transmission of Liquidity Shocks and Liquidity Spirals
  • Some Lessons from the Financial Market Correction
  • Soros on Paulson
  • The Housing Meltdown: Why Did It Happen In The United States?
  • SEC Statement on the Wisdom of the Crowds
  • Free Money for Uncle Sam ( Almost )
  • Ted Spread
  • CDS
  • LEH RIP
  • CDS of the Day: Goldman Sachs
  • Derivatives and Systemic Risk: Netting, Collateral, and Closeout
  • What Happened to Liquidity when World War I Shut the NYSE?
  • Credit Default Swap Rates and Stock Prices
  • Lehman Crashing Again
  • My Word Is My Bond
  • In Defense Of Credit Default Swaps
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