Belgium, Morgan Stanley CDS Hit Escape Velocity

Tyler Durden's picture

We must have missed the moment when Jim Cramer defended Morgan Stanley today, but judging by the company's CDS which is +30 to a ridonculous 610/650, he must have said something positive. In fact, the bank's "outperformance" is only matched by that of Waffled which as we have been saying since Friday is going to meet Dexia about halfway. Today it is +23 to 290/300, the worst performer of any country in the world.

 

                                   5Y                  10Y            5/10's                            

  • Waffled        290/300  +23  285/299       -8/2       !!!!                        
  • ITALY            480/490  +14     456/470      -30/-10                             
  • SPAIN           385/395  +12     358/374      -30/-10                             
  • PORTUGAL  1120/1160 +5      855/925     -280/-220                            
  • Guiness        700/740  +10     520/590     -195/-135                            
  • Euzo              60/64   +1          61/65      -0.5/2.5                                                                                                             
  • Fried            198/202  +11   209.5/219.5     12/17                              
  • AUSTRIA      178/186  +6     191.5/201.5     12/17                              
  • DOA (Eng)    100/104  +5        116/122       15/19                            
  • Dooshland    120/124  +5        139/145       17/21

Index:

  • XO 880/885 +26 MAIN 211/212.25 +6
  • SEN Fins 299/303 +15 sub 550/562 +11
  • IG17 151   (+1)      

And Fins:

  • MS  610/650   +30        !!!!
  • BAC 475/505     +25      
  • AXP   135/150   +10         
  • GS  410/440      +25      
  • COF B 145/160  +10         
  • JPM 180/200     +5        
  • COF F 180/200  +10         
  • MER 530/560    +25      
  • GECC  345/365 +15         
  • HSBCF 275/300 +10         
  • WFC 180/200    +5