The Treasury took in $33 million in premium fees related to the temporary money market guarantee facility. The total for the month so far is $40 million.
A rather cheap CDS considering that the Fed is funding $152 billion via the Asset-backed commercial paper money market mutual fund liquidity facility.
Seamus Milne says it’s time to fully nationalize the banks. Leaving ideology aside, it’s not obvious that this is a ... [Link]
Reader Dennis Mangan emails asking how and where firms post collateral in the CDS market. It's a good question, and the ...
[Link]Difficilement, d'après Martin Feldstein. Il en sortira renforcé, d'après Barry Eichengreen.... [Link]
At "A Dash" we are delighted with the early response to our "truthiness" inquiry. There are several excellent suggestions for ...
[Link]This CDS report was written by Markit's Gavan Nolan We're in danger of record fatigue here in the credit markets. ... [Link]
Most creditors believe that the debtor needs to take the lead in addressing their own problems. China is, apparently, no different. ...
[Link]Super Senioritis
I’ve been perusing the finance blogs lately and I’ve noticed a recent obsession with Synthetic CDOs, specifically the super senior ...
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Harvard is planning for a 30% decline in value of its endowment. (WSJ.com also Market Movers, Marketwatch.com)
The world of ...
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Corporate bonds are trading quite heavy today. The IG 11 is 275/278 which is about 16 wider on the day.Participants cite ...
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Yesterday, I was contacted by UrbanDigs, one of my regular readers, and he asked:
UrbanDigs Says:
[Link]jck [at]
aleablog [dot] com
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October 2nd, 2008 at 7:20 pm
jck, can you post a link to cite your source on the amount of this largesse? Thanks!
October 2nd, 2008 at 7:28 pm
the premium:
http://www.reuters.com/article/bondsNews/idUSN02TBAL20081002
Asset-backed commercial paper money market mutual fund liquidity facility:
http://www.federalreserve.gov/releases/h41/Current/