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December 2 CDS Heatmap
Yesterday was a quiet day in CDS with broad tightening despite a weak
equity market. Some of the only names wider were former CNBC owner GE,
REIT BXP, XL Financial and COF. Today's data should provide for much
more reddy goodness.
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Tyler, The action seems to be in sovereign CDSs. Venezuela neck-to-neck with Ukraine now. If you have the data, it would be an interesting map.
http://www.cmavision.com/market-data
Seems like this junk is still suspended in Outer Space.
No selling pressure whatsoever.
Anyone see the latest, greatest home buyer subsidy?
http://housingdoom.com/2009/12/03/another-treasury-bailout-to-assist-first-time-homebuyers/
leader:
NEW YORK (Dow Jones)–First-time home buyers will have even more of an incentive to get into the real estate market next year as a little-noticed Treasury program is preparing to put up billions of dollars to subsidize mortgages.
Summation:
"We didn’t have anyone purchasing the bonds at a competitive rate so now the U.S. Treasury has agreed to purchase them," said Patricia Braynon, director of the housing finance agency for Florida’s Miami Dade County. "It will generate an artificial market."
Is there no end?
Why does it seem like if no one will play...they will go off in the corner and play with themselves?
OT
High quality video with good audio makes U.S. Senator Jim Bunning's delivery of his statement sound good. I'm downloading this version for my archives.
Bunning Statement Opposing Federal Reserve Chairman Ben Bernanke
http://www.youtube.com/watch?v=rka9VbPPMys
GE still owns 49% - you mean former controlling party
GE can't ditch totally for 7 years
gave up on the heatmaps, tyler?