Archive for April, 2010

Concerns brewing over Municipal CDS

Its not just breweries that can whip up a good buzz as California appears to have also tried to whip one up with Municipal credit default swaps.

CreditLime highlighted the state’s treasurer’s request for information earlier this year and now …

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Credit investors show their confidence in private mortage insurers

Credit default swaps on the major private mortgage insurers including The PMI Group, Radian and MGIC Investment are trading tighter amid signs of a recovery in at least certain sectors of the market and successful recapitalizations of some of the …

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Auzzie banks trading down under

Australian banks are seeing their stocks head down south and their credit default swaps head wider in trading today.

The reason appears to be the looming worries of contagion effects from the Greek financial crisis which could dry up funding …

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Portugal Next?

After all the talk about Greece’s fiscal problems over the last few months, and news that the situation could be getting worse in Eastern Europe, investors are increasingly turning their attention to Western and Southern Europe.

Based on the performance …

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Lonely Maytag repairman finding many friends in financial markets today

Whirlpool, owner of the Maytag appliance brand, reported stronger than expected sales and profits today, with sales up 20% (11% before foreign exchange effects) and profits doubling. Results were helped by a variety of factors including international growth, domestic …

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ISDA’s 25th AGM concludes without a big bang

The International Swaps & Derivatives Association (ISDA) just completed their 25th annual general meeting last week in San Francisco with much less fanfare compared to last year’s meeting in Beijing that closely coincided with the implementation of Big Bang Protocol

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JAL becomes Japan’s second CDS auction

Japan Airlines (JAL) became the second CDS auction in Japan after today’s  auction which valued JAL’s deliverable debt at 20% of face value.

The final price determined at auction today was higher than initial estimates and the preliminary bidding round …

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A Spanish savings & loan crisis? – caja style

CreditLime Special Report
April 22, 2010

A Spanish savings & loan crisis? – caja style

Those investors who lived through the American savings and loan (S&L) crisis of the late 80’s and early 90’s may see a similar parallel …

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Free advertising for Interpublic in the CDS markets

The advertising giant has seen its stock almost double and its credit default swaps tighten by 50% in half a year.

Its major competitor, Omnicom, reported their latest earnings which beat expectations and brought in another strong stock performance amongst …

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Argentina Sovereign CDS responding to proposed debt swap

Last week Argentina announced its proposal to win over the remaining $20 billion of sovereign debt held out by some investors who could have settled in 2005. The debt at issue is related to the $95 billion Argentinean government debt

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