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Mapping Credit Performance WTD and MTD (CDS)

Tyler Durden's picture




 

Presenting a heatmapped performance update of the key issues in the North American CDS universe. While on a week to date basis the vast majority of names turned tighter (blue), for the month of February the majority of names are still wider (red), with the notable exceptions of AIG, TWC, FO, KFT, JWN, WHR, MOT and NWL. The sectors most impacted by derisking are Materials, Utilities and Energy.

WTD:

MTD:

Source: Citi

 

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Sat, 02/20/2010 - 12:31 | 238708 dark pools of soros
dark pools of soros's picture

so when does this game go down to the individual level?? and there would be charts like this of people to bet on

Sat, 02/20/2010 - 14:23 | 238796 Hephasteus
Hephasteus's picture

Ya the trades are criminally negligent on the players behalf. Having an individual without sufficient resources to insure would be stupid compared to having a large entity without sufficient resources insure it.

Sat, 02/20/2010 - 15:42 | 238838 IE
IE's picture

Small can fail, and you know big can't.

Sat, 02/20/2010 - 13:31 | 238755 Dirtt
Dirtt's picture

Forgive the Heatmap 101 question but does red imply weak credit performance?

Sat, 02/20/2010 - 14:04 | 238782 Anonymous
Anonymous's picture

If you knew more about Mellonesque liquidation (and by the way, Andrew Mellon is still Secretary of the Treasury) you would know that liquidation proceeds with supply chain degradation in the following order:

1. transportation
2. agriculture
3. utilities

Now, children, what is

4.

Uncle Benito will spank you if you don't get the right answer!

Sat, 02/20/2010 - 15:11 | 238824 Anonymous
Anonymous's picture

are CDS heat maps readily available on a public website?

Sat, 02/20/2010 - 17:01 | 238868 Anonymous
Anonymous's picture

Too bad the people at Zero Hedge are also liquidationists a la Andrew Mellon. They will never tell you what they really think: they will only promote the liquidationist agenda.

Sun, 02/21/2010 - 05:33 | 239110 dark pools of soros
dark pools of soros's picture

i think every 5 minutes they tell us what they really think of Goldman

Sat, 04/17/2010 - 10:56 | 305609 Tom123456
Tom123456's picture

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