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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

 

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Wed, 11/04/2009 - 20:49 | 120438 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 | 120513 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 | 120456 Anonymous
Anonymous's picture

"markets continue to polish turds to a high shine",
You Sir, have cracked my ass with that line, Im still chortling.

Hey check this out its really fun and Im not advertising another site just because its on another site so don't axe my post please. Also it mentions ZH on the site .

http://www.ritholtz.com/blog/2009/11/periodic-table-of-bloggers/

Thu, 11/05/2009 - 00:45 | 120602 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 | 120464 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 | 120500 Careless Whisper
Careless Whisper's picture

Thanks for the link. Probably scaried than Paranormal Activity.

Wed, 11/04/2009 - 23:50 | 120574 ZerOhead
ZerOhead's picture

Nice find... thx

Wed, 11/04/2009 - 21:23 | 120475 Bubby BankenStein
Bubby BankenStein's picture

Thank you TD.  This is very helpful to me.

Wed, 11/04/2009 - 21:34 | 120483 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 | 120578 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 | 120497 Anonymous
Anonymous's picture

It's a map to the future... quite a healthy health system isn't it?

Wed, 11/04/2009 - 22:08 | 120507 Lionhead
Lionhead's picture

Excellent TD; keep 'em comin'...

Wed, 11/04/2009 - 22:54 | 120533 Anonymous
Anonymous's picture

Link history from the last maps would be a nice to have.

Thu, 11/05/2009 - 09:38 | 120718 Anonymous
Anonymous's picture

I'm a Long time "newbie". Can some explain this to me in easy "english 101" speak. I find this site fascinating. go to it several times a day for the real news. A month back someone expalined the HFT trading in very very simplistic terms. Can someone explain this that way. Thanks.

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