This page has been archived and commenting is disabled.
Global Sovereign Derisking As Greek 5 Year CDS Hits All Time Wide
So much for that Greek bailout plan. Greek CDS are now back at fresh all time highs as the market seems set on not only testing the EU's rescue resolve, but determined to get a fresh new bailout plan entirely. At last check CDS was just shy of 1,000 bps. The immediate catalyst is a Fitch report that says Greece risk has gone up and that the country will need further consolidation in 2011 and 2012. The broader catalyst is that the entire Greek credit market is completely dead (noi cash liquidity) and momentum trading has now arrived in CDS, which is the only place left to express a bearish stance on Greece. Should the spread onslaught continue, we expect all of Europe to follow Germany's example and immediately ban naked CDS shorts across the continent. Luckily, both China and India are now set to open CDS trading of their own.
»
- 7971 reads
- Printer-friendly version
- Send to friend
- advertisements -
I don't really know what I'm talking about here, but in corporate CDS rates, isn't there a number that is considered point of no return: cross 1000 bips and you're dead?
Is there a similar number/analysis for sovereign?
Good to hear China and India are setting up shop, I mean, you just can't have enough CDS...
Post of the year. Almost shit myself laughing.......yeah I agree, can never have enough CDS.
Looks like things are about to get very interesting.....
I agree. I hope that there is an iPhone app coming out to trade them. I mean who'd be better to short right now? Hint, one a day keeps the doctor away.
About time. Let's get China ramped up so that consumers can buy shrink-wrapped CDS off the shelf at Wal-Mart. For far too long have these sophisticated investment tools remained the plaything of only the rich and powerful. Soon, everybody will be able to share in the wealth!
Risk Off Bitches
so does that mean i should go all in on a long position on the s and P 500?
I mean this thing is contained right like the Subprime thing?
Bernanke said it was contained after all
Contained to the planet, Successfully!
Declare Victory and Move On To the Next Element of Social Engineering.
Oh and BTW peons, we'll need to raise your taxes to finance all this successful containment for your benefit.
Somehow, methinks all this shits not working.
Oh but Wait, there's More!
Today's Gold Options Expiration Date!
Lookie Here Litte Peons...
Gold Down
Dollar Up
Containment Works When Its Really Important!
US market will ignore this like it ignores everything else, no worries there . Dow 10k for the next 20 years woo hoo! I am tortured by watching this shit daily .If I had balls I would buy S&P futures at the open or once it is in the red a good bit everyday and just wait for it to go green or close to it by 4pm then sell it .Same shit everyday it seems .
> "Bernanke said it was contained after all"
Don't worry, Suzanne researched this.
I think ben is warming his printer up now and his helicopter will be going all around the world soon
Nothing to see here. Move along and keep buying those equities. They're undervalued, you know.
Double post. Sorry.
greek CDS at new record highs! but what about the EUR1 trillion bailout that was going to save them? Investors seem to be losing their enthusiasm for bailouts. As anyone that has been on a sinking ship will know. you need to be bailing out more shit than you are taking in. otherwise its not really a bailout, more a prolonged sinking.
Like the new avatar. Functional.
So, due to lack of liquidity, if I want to express a bearish view on Greek bonds I have to sell Portugueezy?
O boy that's.... contagious....
I wonder what this spike might have to do with the Titlos swap unwind that after recend downgrade must have been triggered. Is this the right money trail path: IMF/EU --> Greece ---> GS?
That EURO buying support has returned ...
http://stockmarket618.wordpress.com
http://www.zerohedge.com/forum/latest-market-outlook-1
Biggest buyers of sovereign CDS's are the banks themselves. True or False?
http://www.thecheapbags.com
http://www.thecheapbags.com/miu-miu-handbags-c-16.html
http://www.thecheapbags.com/chanel-handbags-c-537.html
http://www.thecheapbags.com/louis-vuitton-handbags-c-513.html
http://www.thecheapbags.com/hermes-handbags-c-536.html
http://www.thecheapbags.com/balenciaga-handbags-c-534.html
http://www.thecheapbags.com/marc-jacobs-handbags-c-15.html
http://www.thecheapbags.com/dior-handbags-c-530.html
http://www.thecheapbags.com/jimmy-choo-handbags-c-532.html
http://www.thecheapbags.com/dg-handbags-c-7.html
Canada youthful singer Justin Timberlake · niederbieber at Cheap UGG Boots
large so common these times also issued the feelings of his UGG Boots girlfriend. 16-year-old uncle admitted that he hoped than uncover a talk she on the normal schedule collectively clinging to his girlfriend, but he has his individual standards. He said, "I like funny, self-confidence, courage to create your individual girls. "He UGG Classic Cardy also disclosed that he doesn't like girls positioned on that common Ugg boots as well as a especially large sunglasses. "I really feel Ugg shoes are ugly, but really large dim eyeglasses really are a little exaggerated, I like large sunglasses, but do not like as well large bird, specifically the round. "Although the girl's gown merely a little picky, but really he doesn't have UGG Classic Boots very much time to acquire collectively with his girlfriend, and he hoped that from the age of 17 may be UGG Bailey boots busy with their individual business. "I want a next album and tour, wish I can have its individual charitable organizations. "Niederbieber also briefed the mass media revealed that his current really obsessed with over the net lookup your individual news, a collaboration with niederbieber Eenie Meenie was the song", "named Sean Kingston man mentioned this UGG Tall Boots than Bo lookup with ease," niederbieber will do that, he enjoys movement photo local community and lookup website lookup yourself. ”
Find ugg and Australian sheepskinAuthentic Ugg boots, learn the history behind the Cheap ugg boots, and when and what to wear with Ugg boot, as well as cleaning and caring for ....we sell new style Ugg boots on sale,You can find the wholesale discount Ugg boots here.