CDS

CDS

Philippine President Tells Obama "You Can Go To Hell, I Will Buy Weapons From Russia"

Philippine leader Rodrigo Duterte on Tuesday told U.S. President Barack Obama to "go to hell" and said the United States had refused to sell some weapons to his country but he did not care because Russia and China were willing suppliers. He also lashed out at the EU advising it to "better choose purgatory. Hell is full already. Why should I be afraid of you?"

Deutsche Bank Stock Reopening Bounce Fades As CDS Hit Record Highs

Pent-up exuberance from the long weekend has lifted Deutsche Bank stock in early European trading, but it has also lifted the cost of credit protection as professionals in the CDS market appears far less confident in the dead-cat-bounce that equity speculators are already beginning to fade.

Bearish Bets On Swiss Stocks Soar To Highest Since Lehman

Having traded in a narrow range for 3 months, Swiss stocks tumbled last week amid contagion concerns over Deutsche Bank. With valuations at their highest realtive to Euro peers since 2008, it appears investors are hedging aggressively. Bearish Swiss stock option positions out-number bullish by the most since Lehman (after which SMI fell by 50%).

Citi Trader: "I Almost Feel Stupid Being Bearish "

"I almost feel stupid being bearish given it has been such an incredibly popular and incredibly losing strategy for so long and there have been so many false starts over the past few years."

This Is How Much Liquidity Deutsche Bank Has At This Moment, And What Happens Next

Following today's Deutsche Bank fireworks, Goldman reports that "crisis” questions are being asked: “is there risk of a financial crisis re-run” and “can a large European bank face a liquidity event”? To answer these questions we look at the total liquidity accessible to Deutsche Bank, and what are the options facing the bank next.