TSLF: Success
Dealers will get fat on that one.
Cover was 1.15 [the lower the better]
Stop out: 0.33 [as above]
0.33 is the difference between 2 repo rates, good treasury collateral and junk fed to the Fed.
Overnight the spread is over 1.00
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Recent Entries - Volatility Remains Elevated…
- Russian Oligarchs Lose $230 Billion
- Lehman CDS Auction: Final Result
- Lehman CDS Auction: Initial Results
- 401-Keg
- Morgan Stanley CDS
- Don’t Panic
- OIS-Libor
- Repos Fails
- #Links
- Is a Credit Default Swap (”CDS”) a Contract of Insurance?
- Records Everywhere
- PIMCO/CPFF
- AIG: Additional $37.8 bn Cash
- This Is Not Iceland
- #Links
- Fed $ Swaps Outstanding
- Quote of the Day
- U.K. To Recap Banks
- TAF Undersubscribed
- Super-SIV: It’s Alive
- Return of the Currency Peg
- Fed’s New Plan: Unsecured Loans
- A Strange Lender of Last Resort
- Fannie/Freddie CDS Auctions: Final Prices
- Fannie/Freddie CDS Auctions: Initial Results
- Carry Trade Bloodbath: AUD/JPY
- Fed: We Are Doing This ‘Cause We Are Tapped Out
- Fed To Pay Interest on Required and Excess Reserves
- TAF: Up to $900 bn by Year-End
- OIS
- #Links
- Hypo Big Loser: J.C. Flowers
- Euro Bailout: It’s Back on the Table
- Early Dollar Trades
- That Was Quick…
- #Links
- Forms of Federal Reserve Lending to Financial Institutions
- #Links
- Libor: Quote of the Day
- Liquidity
- OIS-Libor
- Gazumped !
- From AIG Blog Relations Dept
- Some Good News
- Fed “Other Loans” Jump to Record: $400 bn
- Rate Cut
- CDS of the Day: Landsbanki Islands hf
- Dollar
- OIS-Libor
- Nobel Economics Prize Forecast
- #Links
- Warren Buffett Bailout of the Day: GE
- Bailout: Europe Edition
- 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
- Mark-to-Market Relaxed
- Soros on Paulson
- The Housing Meltdown: Why Did It Happen In The United States?
All Posts
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Blogs Angry Bear
Hank Paulson's Two Choices Explained
Right now, Hank Paulson has two choices.
orRight now, he claims to be pushing toward the second, but isn't getting out of the cab.
naked capitalism
"State to save HBOS and RBS"
Britain is moving quickly to use the its new bank rescue facility, which was increased from £59 billion to £75 billion. Note the article suggests that stock market trading may ...
Portfolio.com: Market Movers
Extra Credit, Friday Edition
Cramer Should Be Suspended: "His market call on the Today Show this week for investors to completely liquidate out of the stock market is the most irrational market commentary I ...
Brad Setser: Follow the Money
Scared (sovereign) capital
Central banks with lots of reserves have not been running away from the dollar. But they do seem to be running away from any dollar asset with a hint of risk. ...
Economix
Which Generation Has It Worst?
Voice your opinion on which generation will suffer most as a result of today's financial crisis.
WSJ.com: MarketBeat
Five Days, 1900 Points, and No Solution
A programmer for the trading desk at an electronic foreign-exchange and equity network was smoking outside a financial office in Jersey City, N.J., around 6 p.m. Thursday. The man was red ...
Abnormal Returns
Friday links: uncertainty and opportunity
“It’s like a slow motion, controlled crash.” (Trader Mike also Trader’s Narrative)
We are headed for the second worst week in Dow history. (Bespoke)
“It’s forced selling.” (Bill Rempel ...
A Dash of Insight
How NOT to Think about Your Investments
Many stocks, perhaps most stocks, are trading at prices that do not reflect fundamental value, as determined by traditional methods. The excellent team at Bespoke Investment Group, one of our featured ...
The Aleph Blog
Blame Game, Redux
When I write, I don’t always know what will be popular, and what won’t. Personally, I thought my article Rethinking Insurable Interest was the more innovative of my two articles last ...
Stumbling and Mumbling
Healey blurts it out
Local government minister John Healey has blurted out the ideology of our rulers. Councils, he says:are in a different position from individual savers. They are intelligent, they’re well-informed investors…This is ...
Paul Krugman
Falling short
Wouldn’t it be nice if, just once, policy makers exceeded expectations instead of falling short? Actually, it would be more than nice: until that starts happening, policy will keep losing ...
Le blog d'éconoclaste
Biais médiatiques dans le traitement de la crise financière
La crise financière n'est pas un sujet facile à traiter par les médias : elle impose de décrire et de comprendre des phénomènes abstraits et compliqués, des évènements rapides, dans le ...
WSJ.com: Real Time Economics
Paulson: ‘Aggressive’ Global Effort Planned; U.S. to Take Bank Stakes
U.S. Treasury Secretary Paulson said he and his Group of Seven counterparts had agreed to an “aggressive” plan to deal with a financial turmoil that has quickly ballooned into a “global ...
FT Alphaville
The Weekender
On FT Alphaville this week, - FTSE 100 crash. - Dow crash - Pound crash. - Asia crash. - Commodities crash. - World trade crash. - So, stand and delever. ...
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