Credit Market Open

August 28th, 2009 9:28 am | by John Jansen |

5yr Snr Bank CDS: BAC 157/165 (-8), CITI 260/270 (-3), JPM 64/69 (-1), WFC 84/89 (-2)

– 5yr Snr Broker CDS: GS 123/128 (-4), MS 157/167 (-3)

– CDS Index: IG12 113.5/114.5 (-1)

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  1. 4 Responses to “Credit Market Open”

  2. By tradebum on Aug 28, 2009 | Reply

    Does the neg mean that they didn’t sell as many as they had hoped or that they are trading lower? Thanks

  3. By Bman on Aug 28, 2009 | Reply

    how many “Joe the Plummers” out there realize that the “gift” $4500 cash-for-clunker rebate is taxable? The “spin” should be really interesting.

  4. By zeek on Aug 28, 2009 | Reply

    tradebum – if i may be so presumptuous as to answer, the neg means the CDS is opening tighter which in turns means the mkt thinks this credit risk is cheaper (ie, underlying issuer is less risky) than yesterday

  5. By tradebum on Aug 31, 2009 | Reply

    Thank you Zeek

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