You're now on the archive server. Commenting has been disabled.

November 3 CDS Heatmap

Tyler Durden's picture




Below are the heatmaps for the North American components of IG, as of November 3 intraday and Month to Date. We will provide today's update as soon as we have it. Notable yesterday was that not only 5 Yr AIG widened even as the stock was melting up ever higher, the curve was flattening, with 7 and 10 years of both AIG and ILFC (right AIG column) tightening. The days of flat (or, heaven forbid, inverted) curves, so ubiquitous a year ago, just may make a come back yet. The widening in financials was all of the place, with only Black and Decker, Clorox, MOT, Constellation and CBS moving tighter. It is still too early in the Month to Date category to extract any trends.

(Reminder: red is wider, boxes are beta adjusted).

Intraday:

Month-to-date:

source: Citi




Comment viewing options

Select your preferred way to display the comments and click "Save settings" to activate your changes.
Wed, 11/04/2009 - 20:49 | Link to Comment FischerBlack
FischerBlack's picture

As these markets continue to polish turds to a high shine, let us be reminded of what Christ would say:

“The injunction of Jesus to love others as ourselves is an endorsement of self-interest,” Goldman’s Griffiths said Oct. 20, his voice echoing around the gold-mosaic walls of St. Paul’s Cathedral, whose 365-foot dome towers over the City, London’s financial district. “We have to tolerate the inequality as a way to achieving greater prosperity and opportunity for all.”

http://www.bloomberg.com/apps/news?pid=20601109&sid=aySZ9TS.aODA&pos=12

Somebody just shoot me.

Wed, 11/04/2009 - 22:18 | Link to Comment Careless Whisper
Careless Whisper's picture

Lloyd: Jesus said Agree with thine adversary quickly. That's why we're quick to be long the things we hate, and short the things we love. Jesus wanted us to short CMO's even though we loved them.

Wed, 11/04/2009 - 21:05 | Link to Comment Anonymous
Thu, 11/05/2009 - 00:45 | Link to Comment FischerBlack
FischerBlack's picture

Hey check this out its really fun

Why is Matt Taibbi under 'The Establishment'? Seems a rogue to me, if ever there was one.

Wed, 11/04/2009 - 21:13 | Link to Comment geopol
geopol's picture

The heatmap gives us a road map to the future,,AND SO DOES THIS..

 

http://www.youtube.com/user/collapsemovie#p/f

 

Wed, 11/04/2009 - 21:59 | Link to Comment Careless Whisper
Careless Whisper's picture

Thanks for the link. Probably scaried than Paranormal Activity.

Wed, 11/04/2009 - 23:50 | Link to Comment ZerOhead
ZerOhead's picture

Nice find... thx

Wed, 11/04/2009 - 21:23 | Link to Comment Bubby BankenStein
Bubby BankenStein's picture

Thank you TD.  This is very helpful to me.

Wed, 11/04/2009 - 21:34 | Link to Comment geopol
geopol's picture

I understand the intent, and some of the technical aspects of it ,,but could you, Buddy give me a granular explanation of it,,,Thanx in advance..

Wed, 11/04/2009 - 23:56 | Link to Comment ZerOhead
ZerOhead's picture

Just click on the 'heatmapping' link at the top and go to Tylers "Launching CDS heatmapping" post. It's sparse but it should help.

Wed, 11/04/2009 - 21:55 | Link to Comment Anonymous
Wed, 11/04/2009 - 22:08 | Link to Comment Lionhead
Lionhead's picture

Excellent TD; keep 'em comin'...

Wed, 11/04/2009 - 22:54 | Link to Comment Anonymous
Thu, 11/05/2009 - 09:38 | Link to Comment Anonymous
Do NOT follow this link or you will be banned from the site!