Archive - Jun 4, 2009

Tyler Durden's picture

Taxpayers Finance Platinum Equity's Purchase Of Delphi





The WSJ reports that US Taxpayers, giddy with joy at purchasing GM, are soon to become proud owners of the debt of another bankrupt auto company - this time GM critical supplier Delphi, which has been in bankruptcy for well over 3 years. The WSJ quotes a person familiar with the deal, according to whom the U.S.

 

Tyler Durden's picture

Jim Lockhart Has No Idea Why Fannie Went Bankrupt, Kanjorski's "Bank Run" Sequel





Alan Grayson, the not-so-caped crusader who has a penchant for irreverently exposing weapons grade stupidity especially when it is manifested by such systemic cogs as FHFA's Jim Lockhart, who is "supposed" to know what it was that caused the implosion of the GSEs he currently presides over, continues his rampage, and this time takes on Fannie Mae.

 

Tyler Durden's picture

The State Vs. Federal Schism





By now if you don't know the trajectory that the federal government has set on with monetizing virtually anything and everything, you must be living somewhere deep in the green shoot forest with only enough WiFi/cable coverage to get CNBC. But while the government and its "reserve" are set on a specific course, the fate of individual states in the US is far less certain (for example, if Arnie could print Spearmint Rhino funny money and buy the miles and miles of unwanted inventory in Long Beach harbor, he would; unlucky for the strippers, and lucky for everyone else, he can't.

 

Tyler Durden's picture

Daily Credit Market Summary: June 4 - Divergence Deja Vu





Spreads were mixed in the US today as HY underperformed IG as credit rallied intraday but ended pretty much unch on the day. Indices generally outperformed intrinsics (single-names were generally wider) with skews widening in general as IG's skew decompressed as the index beat intrinsics, HVOL outperformed but widened the skew, ExHVOL intrinsics beat and narrowed the skew, XO's skew increased as the index outperformed, and HY's skew widened as it underperformed.

 

Zero Hedge's picture

Main Page





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Tyler Durden's picture

Goldman Sachs Principal Transactions Update: 741 Million Shares





Latest NYSE Program Trading data out. Program trading last week ramped up by 27% from 26.5% the week before, to 33.7% of all NYSE buy+sell volume, and much higher than the 52 week average of 25.3%. The 15 most active member firms traded 1.9 billion shares for principal accounts, compared to 1.6 in the prior week.

 

Tyler Durden's picture

Goldman Sachs Principal Transactions Update: 741 Million Shares





Latest NYSE Program Trading data out. Program trading last week ramped up by 27% from 26.5% the week before, to 33.7% of all NYSE buy+sell volume, and much higher than the 52 week average of 25.3%. The 15 most active member firms traded 1.9 billion shares for principal accounts, compared to 1.6 in the prior week.

 

Tyler Durden's picture

Goldman Sachs Principal Transactions Update: 741 Million Shares





Latest NYSE Program Trading data out. Program trading last week ramped up by 27% from 26.5% the week before, to 33.7% of all NYSE buy+sell volume, and much higher than the 52 week average of 25.3%. The 15 most active member firms traded 1.9 billion shares for principal accounts, compared to 1.6 in the prior week.

 

Tyler Durden's picture

Treasury Curve Hits Record Steepness Again





The treasury curve just hit a new all time record wide of 278.7 bps.

 

Tyler Durden's picture

Treasury Curve Hits Record Steepness Again





The treasury curve just hit a new all time record wide of 278.7 bps.

 

Tyler Durden's picture

Treasury Curve Hits Record Steepness Again





The treasury curve just hit a new all time record wide of 278.7 bps.

 

Tyler Durden's picture

Volume Explosion Seen In Goldman Sachs Commodity Index





And now for some midday Schrodinger wave function collapse:

"If a volume explosion hits the GSCI index, does it exist if nobody witnesses it?"

It is quite obvious that nobody at all was aware of any impact pieces out of Goldman that would herald summer of 2008 crude price targets... The chart below shows the insignificant volume pop in the GSCI.

 

Tyler Durden's picture

Volume Explosion Seen In Goldman Sachs Commodity Index





And now for some midday Schrodinger wave function collapse:

"If a volume explosion hits the GSCI index, does it exist if nobody witnesses it?"

It is quite obvious that nobody at all was aware of any impact pieces out of Goldman that would herald summer of 2008 crude price targets... The chart below shows the insignificant volume pop in the GSCI.

 

Tyler Durden's picture

Volume Explosion Seen In Goldman Sachs Commodity Index





And now for some midday Schrodinger wave function collapse:

"If a volume explosion hits the GSCI index, does it exist if nobody witnesses it?"

It is quite obvious that nobody at all was aware of any impact pieces out of Goldman that would herald summer of 2008 crude price targets... The chart below shows the insignificant volume pop in the GSCI.

 

Tyler Durden's picture

Mortgages Blowing Wider Again





Mortgage vigilantes out in full force today, calling Bernanke's bluff. Spread to 10 Years galloping fast as well.

 
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