This page has been archived and commenting is disabled.

European CDS Update: Rout

Tyler Durden's picture




 

Not even the core is safe anymore, with Germany and the UK both joining the periphery in today's CDS rout:

  • PORT +5
  • ITALY  +10
  • IRELAND   +8
  • GREECE    +2
  • SPAIN +10
  • BELG  +3
  • FRANCE +1
  • AUSTRIA  +2
  • ENG  +3
  • GERM  +2
  • SOVX  240/245 +6
  • RUSSIA 185/188 +6
  • TURK   224/227  +1

     

  • MAIN  146.75/148 +5  XOVER 620/625 +25

     

  • EURO BNKS: + doub digits all over
  • US BNKS  + doub digits
  • IG +2
 

- advertisements -

Comment viewing options

Select your preferred way to display the comments and click "Save settings" to activate your changes.
Thu, 08/18/2011 - 07:37 | 1571896 tompicking
tompicking's picture

UK != England. Just so everyone knows.

Thu, 08/18/2011 - 07:52 | 1571943 speconomist
speconomist's picture

And Great Britain... what's that then?

Thu, 08/18/2011 - 08:03 | 1571976 Grimbert
Grimbert's picture

Great Britain is the name of an island which England Scotland and Wales are on. When they were deciding on top level domain names the Northern Irish objected to .gb even though we have used GB on car licence plates for a hundred years. Saying Yoo-Kay 20 years ago sounded weird; it sounds normal now. Seeing GB on cars looks old-fashioned - perhaps we ought to change it. 

Thu, 08/18/2011 - 08:06 | 1571990 speconomist
speconomist's picture

It was rethorical, but didn't know about the domain thingy, thanks.

Thu, 08/18/2011 - 08:09 | 1571994 hackettlad
hackettlad's picture

Yep, to say GB now sounds increasingly antiquated.  The full name of the country is the United Kingdom of Great Britain and Northern Ireland (where Great Britain comprises of the three countries of England, Scotland and Wales which have been in royal and political union for centuries - Northern Ireland is considerd a province, not a country, and its status is of course disputed).  Never say England when you mean the UK - you will offend a lot of Scots!

Thu, 08/18/2011 - 08:11 | 1572001 speconomist
speconomist's picture

What I don't understand is why England, Scotland, Wales play separately the EURO (football), and go together to the Olympics, any reasonable explanation?

Thu, 08/18/2011 - 08:22 | 1572038 goldinpenguin
goldinpenguin's picture

Northen Ireland also often has seperate sports teams and is often mistakenly referred to as 'Ulster" even though only 6 of the 9 counties of the ancient Irish province of Ulsster are under British control.

Thu, 08/18/2011 - 08:22 | 1572041 goldinpenguin
goldinpenguin's picture

Northen Ireland also often has seperate sports teams and is often mistakenly referred to as 'Ulster" even though only 6 of the 9 counties of the ancient Irish province of Ulsster are under British control.

Thu, 08/18/2011 - 09:00 | 1572184 hackettlad
hackettlad's picture

tradition? national pride? honestly I have no idea but I know it's one of the reasons why the UK doesn't enter for the football competition in the Olympics - the IOC will only allow international sovereign states to participate (in this case the UK not its constituents) and the "national" FAs refuse to co-operate to enter a combined UK team.

Thu, 08/18/2011 - 09:53 | 1572566 MichaelG
MichaelG's picture

Yep - more votes within UEFA & FIFA with the nations separate.

Thu, 08/18/2011 - 07:37 | 1571898 lolmao500
lolmao500's picture

And Israel got bombed this morning... all coming from Egypt.

Egypt VS Israel would make a very interesting scenario.

Thu, 08/18/2011 - 07:38 | 1571899 Sequitur
Sequitur's picture

"Hello Office Max? It's Jean-Claude. I need another printer cartridge."

Thu, 08/18/2011 - 07:39 | 1571907 HITMAN56
HITMAN56's picture

what no nicknames today? 

Thu, 08/18/2011 - 07:40 | 1571908 ZeroPower
ZeroPower's picture

Corporates really interesting. Ready to erase yesterday's BAC -25

Thu, 08/18/2011 - 07:55 | 1571951 speconomist
speconomist's picture

Let ma ask today:
IG +2

 

So, what's IG?

Could it be

a North American-oriented CDS index which includes 125 investment-grade names?

Thanks in advance again.

Thu, 08/18/2011 - 08:33 | 1572079 ZeroPower
ZeroPower's picture

IG is investment grade. Composition changes every new series.. currently were on CDX.NA.IG.16-V1 5Y 

Thu, 08/18/2011 - 08:48 | 1572132 speconomist
speconomist's picture

Link doesn't work for me. Thanks anyway!!

Thu, 08/18/2011 - 07:44 | 1571917 Marcuz Aurelius
Marcuz Aurelius's picture

So whats the CDS of The Netherlands doing ? 

Thu, 08/18/2011 - 07:45 | 1571922 It is a bargin ...
It is a bargin my friend's picture

Smoking weed i expect

Thu, 08/18/2011 - 07:51 | 1571942 ZeroPower
ZeroPower's picture

66/69 1/2

Thu, 08/18/2011 - 07:46 | 1571924 Irish66
Irish66's picture

At what % does the DAX get halted?

Thu, 08/18/2011 - 07:46 | 1571927 Ivanovich
Ivanovich's picture

And still no end to the EUR/USD strength.

Thu, 08/18/2011 - 07:50 | 1571938 speconomist
speconomist's picture

No original names for the CDS today Tyler?? Was getting used to it.

Thu, 08/18/2011 - 07:57 | 1571960 Professordoomfinger
Professordoomfinger's picture

JacksonHolio to the rescue

Do NOT follow this link or you will be banned from the site!