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Whatever You Do, Don't Look At The UniCredit Long Bond
...or else you will figure out not only that there is such a thing as sovereign crisis spillover into financials, but why UniCredit was once again the most active name on Sigma X yesterday, and why earlier today it is rumored that the bank is scrambling for emergency ECB assistance. But such is life when your equity is €14.5 billion and your total holdings of Italian bonds ar... €40 billion! If we were betting people, we would probably out a dollar down that UCG is the next Dexia.
UniCredit 4.75% of 2027 Price:
and Yield:
Oh, and guess who again is on top of Sigma X...
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The horror... the horror
Lloyds, RBS, Barclays, HSBC are up there. BMW also, who knew...
bmw? crazy or what?
Nurse! Code blue code blue!
Still Unicredit is 3-4 notches above investment grade by the big three liars...er ....sorry rating firms.
What is crazy is that the market is down by only 50 points.
EndGame Bitchez!
libertarian86.blogspot.com
No, the EndGame is when they round up the free thinkers and execute us all.
End game with snp off 4? I haven't a clue as to what is happening over the last two weeks and why the massive divergence, but the market is doing unbelievable under the circumstances.
Also...
The theory of repatriating Euro's makes no sense. That would have to mean the market would fall as the EUR bids higher. So far the, the EUR moves higher and the market moves higher.
back up the truck and start loading up on vix, faz, etc
Dexia failed back in early October - market went higher by 200 S&P points. Unicredit fails maybe early December - we make new highs?
technical outlook looked a lot different then +
algos dont trade on fundamentals. if they did spx would be half of what it is now
COLLAPSE! SNP about to turn green, If this is what end game feels like, christ, bring it on. Take a break TD. All of the information posted for a while now has been useless.
someone besides myself that gets it. you gotta think like an algo to trade in this market and I keep saying it over and over again.
I backed up the truck and loaded up on FAZ 3 weeks ago and got burned. I held it for almost 4 days waiting for the market to react to the scam summit. I am still amazed that the market has pretty much ignore what is transpiring in Europe.
I made back half of my lost trading in and out of FAZ, only holding it over night on few occasions. I think it's still too early to load up the truck and wait.
unfortunately the big banks' stocks were forming bullish patterns at that time. I also thought that given such weak fundamentals it was unlikely that they would break out to the high side and that the technicals would be wrong just that time. but since then ive been reminded that in this wolf market NEVER trade on fundamentals only
the central planners from the ministry of finical truth hath decreed that no market collapse shall occur on any day...
that ends with a y
No problemo, one of the Mario's will bail out UniCredit.
Ruh roh
1st graph: percentage of day bunga is sober
2nd graph: money bunga spends on underage hookers per day
Stop telling me not to look at stuff...'cause then I gotta go and look at that stuff.
Just waiting for the EUR to break down to back up what we're seeing... with it, the SPX finally collapses a good hundred pts.
I wonder if there will ever come a time, maybe even in the next few years, when Italy suddenly realizes that, despite his numerous faults, they were better off with Bunga Bunga.
Popular like a fat chick in high school.
But when they get to college fat chicks are very popular, especially after bar close
Off topic, but just had to share this little gem re Gingrich and the rot of our system:
Gingrich’s first contract with the mortgage lender was in 1999, five months after he resigned from Congress and as House speaker, according to a Freddie Mac press release.
His primary contact inside the organization was Mitchell Delk, Freddie Mac’s chief lobbyist, and he was paid a self- renewing, monthly retainer of $25,000 to $30,000 between May 1999 until 2002, according to three people familiar with aspects of the business agreement.
During that period, Gingrich consulted with Freddie Mac executives on a program to expand home ownership, an idea Delk said he pitched to President George W. Bush’s White House.
“I spent about three hours with him talking about the substance of the issues and the politics of the issues, and he really got it,” said Delk, adding that the two discussed “what the benefits are to communities, what the benefits could be for Republicans and particularly their relationship with Hispanics.”
So there you have it...bring in poor Mexicans and then bribe them with sub-prime loans and they will vote for you so you can stay in power and keep feeding from the public trough. That is treason in my book.
What if your last paragraph said that the reson to bring in alien residents is to create greater market potential that inevitably increases GDP such that profits are maximized which enhances all U.S. based capital ventures. These guys are trying to find systems that grow opportunities first and second, piggyback on top of those systems for self enrichment. Exporation and globalization of multiple U.S. industries allows a vaccuum to exist. The shrinkage of the babyboomer generation lessens the headcount for future productivity. Because fewer opportunites and a shrinking population are positively coorelated, it creates an opportunity to control money flow by both inventing synthetic financial products and managing incomming alien head count to artificially inflate U.S. based GDP, making up for the loss of real productivity and a smaller, less productive population.
Geez, good thing you can't short the equity!
First mate "Captain, we have hit an iceberg and are going to sink"
Captain "Not to worry son, my banker has created a synthetic derivative to offset just this sort of thing"
First mate "So that's why you sold the lifeboats?"
Captain "Yep, that was some party we had before we left heh?"
anybody has an idea what the implied default probality is ?
100%
can someone explain sigma X please
Pool of "dark" trading activity not visible to market participants and executed outside of view. SigmaX is a Goldman Sachs product that routes orders such that they can be executed within these dark pools which allows customers to greater liquidity; ie. more buyers and sellers offering better prices.
thx
no, it's not getting stock-whacked like yesterday on the sigma chi lawn!
maybe they got the liquidity back-up, but yes, we do have oil-producing gold waiting in the wings for the long-term solution...
...just like dexia...
...just like all the other over-indebted entities, too...
when the prices and the "markets" get real, the problems will really be addressed: with real money
enjoy the matinee!
i guess it is safe to assume that all the banks on goldman's dark pool will crash and burn