The Epic American Credit and Bond Bubble Laboratory Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: regli who wrote (67471)	8/4/2006 11:50:06 AM
From: YanivBA	of 110194

one problem for the LCDS market so far has been a shortage of buyers of protection, such as lenders hedging loan exposure or investors taking a negative view of credit. "(At a recent conference) the joke was there were 400 in attendance, but 398 were protection sellers and only two buyers," says Mr Price. Funny, I don't laugh. I guess everyone who needed protection got it and the pool of speculators has run dry. Q: Do you know what is the value of the underlying bond in an over-saturated CDS market on the day the company files chapter 11? A: Par value. Who needs protection? I am selling it for free. (I know I already sold more CDS notes than there are bonds) YanivBA.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next