Credit Default Swaps
Some good links from KidDynamite on credit default swap basics.
Some good links from KidDynamite on credit default swap basics.
John Mauldin clarifies credit default swap exposure.
Rates starting the week better on worries that Greece is tip of iceberg.
Rates should have risen on jobs data. But here's why they didn't. Plus charts/recap of jobs report.
U.S. economy looking better, but non-US economies creating worry. Here's a rundown.
Stocks and rates flat ahead of Greek CDS decision and conflicting data: home prices, consumer confidence, chain store sales, durable goods
Stocks and rates flat ahead of Greek CDS decision and conflicting data: home prices, consumer confidence, chain store sales, durable goods
What's going on in Greece ... in plain English.
If you've been waiting for a rate bottom, this could be your week.
Fasten seatbelts: U.S. rate volatility will spike this week.
Today’s Originations links on the fourth quarter stock outlook, loan limit battle in Washington, and fallout from EU’s big decision. -Loan Limit Battle Looms In GOP House (WSJ Developments) -LATEST: Will Loan Limits Increase Again? (TheBasisPoint) -Why Greek CDS Market Is OK (FelixSalmon) -Fatal Flaw In Europe’s Rescue Plan (TheAtlantic) -Stocks Could Rally a Bit
Edward Harrison of CreditWritedowns was all over the EU announcement today, and ended the day with a post about how the “voluntary” 50% writedown on Greek debt by banks skirts a default. Which means that investors who bought credit default swaps (CDS)—insurance where investors get paid in the event of a default—don’t get paid. Net
At the end of last week a leading Wall Street researcher wrote, “The general tone at ABS East was somewhat gloomy, however most participants view the non-agency sector relatively attractive versus other sectors. The market has seen a recent drop in PrimeX prices, and it is important to understand the collateral underlying in the Prime

