FT Alphaville Reporter, data addict, footnote reader, coffee drinker. These are my opinions. There are many like them, but these ones are mine.
Oh great, $BAC's curve has inverted for real - from yesterday's close on consensus basis at 1Y & 2Y. Watch 3s/5s..
Over in Europe, 5Y CDS referencing the UK and Germany converged, which was.. different.
Recap. Markit iTraxx Japan closed at 132bps, +5bps on the day, and +13bps on the week.
Recap. The Markit iTraxx Asia ex-JP IG closed at 145bps today; +12bps on the day, +26bps on the week.
Recap. Markit iTraxx Oz went up, then down, then up, then down. Close was 146bps, +10bps on day, +25bps on week.
Intraday chart for German CDS. At 83bps, it's now more expensive than UK CDS, which is at 81bps. #OhAngie
And then everyone so was worried about sovs & their banking sectors, that it made the some corps look less risky.
Once upon a time, in lands not too far ago, Markit iTraxx Europe & CDX.NA.IG traded really close to each other.
[Switches asset classes, does a #VIX chart.] And I thought credit was scary..
This chart goes out to anyone who had taken a view on sovs vs corps using Markit iTraxx Europe indices.
Markit Desktop Intraday chart of $BAC. Covers last 2 weeks. That's one extreme move. #gasps and cc's @ftalpha
French banks were the worst performers in the Markit iTraxx Europe Fins index. Chart of history from Apr '10
CDS referencing France are 10bps wider, at 154bps. #AAA
@credittrader Impressive amount of volatility in the skew of that index.
What the constituents of the Markit iTraxx Senior Fins looked like just before the results were released..
Portuguese CDS spreads also been widening out significantly. $BPI $BCP $CXGD $ESF (no intraday on ESF).
CDS spreads on French banks widening. $BNP 155bps (+19), $ACA 182bps (+22), $GLE 185bps (+21).
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