Comments on: Rising Three-Month Spreads Suggest Worries About Banks Increasing http://www.nakedcapitalism.com/2008/06/rising-three-month-spreads-suggest.html Sat, 21 Nov 2009 22:38:01 -0500 http://wordpress.org/?v=2.8.4 hourly 1 By: Anonymous http://www.nakedcapitalism.com/2008/06/rising-three-month-spreads-suggest.html#comment-8988 Anonymous Wed, 04 Jun 2008 17:03:00 +0000 http://www.nakedcapitalism.com/2008/06/rising-three-month-spreads-suggest-worries-about-banks-increasing/#comment-8988 OT: Does anyone know how to find historical info on OTC derivative swaps, e.g:<br/><br/>The unweighted daily average of the five-year credit default swaps for the following institutions: Morgan Stanley, Merrill Lynch, Goldman Sachs, Lehman Brothers, JPMorgan, Deutsche Bank, Bank of America, Citigroup, Barclays, Credit Suisse, UBS, and Bear Stearns. 3 Spread between yields on three-month U.S. dollar LIBOR and on the three-month U.S. dollar overnight index swap... OT: Does anyone know how to find historical info on OTC derivative swaps, e.g:

The unweighted daily average of the five-year credit default swaps for the following institutions: Morgan Stanley, Merrill Lynch, Goldman Sachs, Lehman Brothers, JPMorgan, Deutsche Bank, Bank of America, Citigroup, Barclays, Credit Suisse, UBS, and Bear Stearns. 3 Spread between yields on three-month U.S. dollar LIBOR and on the three-month U.S. dollar overnight index swap…

]]> By: S http://www.nakedcapitalism.com/2008/06/rising-three-month-spreads-suggest.html#comment-8986 S Wed, 04 Jun 2008 16:34:00 +0000 http://www.nakedcapitalism.com/2008/06/rising-three-month-spreads-suggest-worries-about-banks-increasing/#comment-8986 LEH is akin to trench warfare between the Fed and the market. The Fed has decided that it is going to protect this company at all costs, which means comparisons to Bear seem a strech. Talk in terms of price not livelihood. LEH is akin to trench warfare between the Fed and the market. The Fed has decided that it is going to protect this company at all costs, which means comparisons to Bear seem a strech. Talk in terms of price not livelihood.

]]> By: Anonymous http://www.nakedcapitalism.com/2008/06/rising-three-month-spreads-suggest.html#comment-8985 Anonymous Wed, 04 Jun 2008 16:21:00 +0000 http://www.nakedcapitalism.com/2008/06/rising-three-month-spreads-suggest-worries-about-banks-increasing/#comment-8985 Ok, just as a reference and sorry to be OT, but:<br/><br/>credit default swaps Mar 13, 2008 <br/><br/>The cost of protecting Bear Stearns'(BSC.N: Quote, Profile, Research) debt with credit default swaps surged by 120 basis points on Thursday amid ongoing concerns about liquidity issues at the investment bank.<br/><br/>Bear Stearns' credit default swaps rose to 700 basis points, or $700,000 a year for five years to protect $10 million of debt, up from 580 basis points at Wednesday's close, according to data from Phoenix Partners Group. Bear Stearns has denied talk that it faces a cash crunch. Ok, just as a reference and sorry to be OT, but:

credit default swaps Mar 13, 2008

The cost of protecting Bear Stearns’(BSC.N: Quote, Profile, Research) debt with credit default swaps surged by 120 basis points on Thursday amid ongoing concerns about liquidity issues at the investment bank.

Bear Stearns’ credit default swaps rose to 700 basis points, or $700,000 a year for five years to protect $10 million of debt, up from 580 basis points at Wednesday’s close, according to data from Phoenix Partners Group. Bear Stearns has denied talk that it faces a cash crunch.

]]> By: Anonymous http://www.nakedcapitalism.com/2008/06/rising-three-month-spreads-suggest.html#comment-8984 Anonymous Wed, 04 Jun 2008 16:19:00 +0000 http://www.nakedcapitalism.com/2008/06/rising-three-month-spreads-suggest-worries-about-banks-increasing/#comment-8984 Try this spread:<br/><br/>The cost of protecting Lehman Brother's debt with credit default swaps widened early Wednesday. Lehman's five-year credit default swaps widened by about 17 basis points to 275 basis points, or $275,000 a year for five years to protect $10 billion of debt, according to data from Phoenix Partners Group.<br/><br/>I need to cross check this against Bear Stearns! Try this spread:

The cost of protecting Lehman Brother’s debt with credit default swaps widened early Wednesday. Lehman’s five-year credit default swaps widened by about 17 basis points to 275 basis points, or $275,000 a year for five years to protect $10 billion of debt, according to data from Phoenix Partners Group.

I need to cross check this against Bear Stearns!

]]> By: Anonymous http://www.nakedcapitalism.com/2008/06/rising-three-month-spreads-suggest.html#comment-8980 Anonymous Wed, 04 Jun 2008 13:42:00 +0000 http://www.nakedcapitalism.com/2008/06/rising-three-month-spreads-suggest-worries-about-banks-increasing/#comment-8980 Yves,<br/><br/>The Big Picture had an interesting post (http://bigpicture.typepad.com/comments/2008/06/fasb-bombshell.html) this morning on QSPEs & their ultimate demise under FAS 140. How do you anticipate markets will react this development becomes effective. <br/><br/>The implications of the change could certainly be material for firms that have utilized such vehicles to varying degrees & for less than transparent reasons (such as goldman & others who have thus far 'managed' effectively). Yves,

The Big Picture had an interesting post (http://bigpicture.typepad.com/comments/2008/06/fasb-bombshell.html) this morning on QSPEs & their ultimate demise under FAS 140. How do you anticipate markets will react this development becomes effective.

The implications of the change could certainly be material for firms that have utilized such vehicles to varying degrees & for less than transparent reasons (such as goldman & others who have thus far ‘managed’ effectively).

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