Archive - Feb 11, 2009
China Wants U.S. Treasury Guarantees
Submitted by Tyler Durden on 02/11/2009 02:40 -0500In a day when the schizophrenic market's antipsychotics finally kicked in, the scariest piece of news did not come out until very late, and this one has the potential to really throw the Treasury a curveball. Yo Yongding (cruel, cruel parents), former advisor to China's Central Bank is agitating China to seek guarantees on its $682 billion of U.S. Treasury Holdings, so that these do not get eroded by "reckless policies."
Bloomberg has the following to say:
Geithner = Paulson v2
Submitted by Tyler Durden on 02/11/2009 01:01 -0500As Zero Hedge expected, the market's recent misplaced optimism was tested as soon as Geithner's speech was made public earlier today, and deteriorated precipitously during his presentation.
Geithner = Paulson v2
Submitted by Tyler Durden on 02/11/2009 01:01 -0500As Zero Hedge expected, the market's recent misplaced optimism was tested as soon as Geithner's speech was made public earlier today, and deteriorated precipitously during his presentation.
Latest DTCC CDS Update (Week Of Feb 6)
Submitted by Tyler Durden on 02/11/2009 00:12 -0500The credit market was one step ahead of equities yet again, and correctly anticipated the market shakedown of this week, as accounts actively bought protection on a net basis in most sectors. Derisking was rampant with the net notional change week-over-week was $138 billion or an increase in 11,585 single-name CDS contracts. Rerisking occurred only in utilities, by $34 billion, and in industrials, by $12 billion.
Latest DTCC CDS Update (Week Of Feb 6)
Submitted by Tyler Durden on 02/11/2009 00:12 -0500The credit market was one step ahead of equities yet again, and correctly anticipated the market shakedown of this week, as accounts actively bought protection on a net basis in most sectors. Derisking was rampant with the net notional change week-over-week was $138 billion or an increase in 11,585 single-name CDS contracts. Rerisking occurred only in utilities, by $34 billion, and in industrials, by $12 billion.
