Sunday, January 25, 2009

Weekly CDS Change Update Per DTCC

As CDS traders are aware, two months ago, or about cá cược thể thao bet365_cách nạp tiền vào bet365_ đăng ký bet365 same time Chris Cox wanted to turn everyone that had even cá cược thể thao bet365_cách nạp tiền vào bet365_ đăng ký bet365 remotest connection to trading CDS into soap, cá cược thể thao bet365_cách nạp tiền vào bet365_ đăng ký bet365 DTCC started disclosing everything it knows (not all that much) about cá cược thể thao bet365_cách nạp tiền vào bet365_ đăng ký bet365 CDS market on a weekly basis. At Zero Hedge, we are starting a weekly column that looks at cá cược thể thao bet365_cách nạp tiền vào bet365_ đăng ký bet365 net additions and reductions, and ergo, net change in cá cược thể thao bet365_cách nạp tiền vào bet365_ đăng ký bet365 CDS market, from both a notional and contractual point of view, based on DTCC data. The summary for this week: cá cược thể thao bet365_cách nạp tiền vào bet365_ đăng ký bet365re has been net rerisking to cá cược thể thao bet365_cách nạp tiền vào bet365_ đăng ký bet365 tune of $78 billion in notional, or 3,730 contracts. The most active sectors were industrials and tech/telecom, with $66 and $55 billion of notional reductions, respectively, while financials and consumer goods saw a net increase in notional outstanding of $12.2 billion and $11 billion, each.








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3 comments:

Anonymous said...

Hey ZeroHedge - looking at this analysis and I get different numbers to yours - or is this simply a week off? Anyway - check out cá cược thể thao bet365_cách nạp tiền vào bet365_ đăng ký bet365 shifts in Consumer Services!!!! WTF!
Sorry about cá cược thể thao bet365_cách nạp tiền vào bet365_ đăng ký bet365 formatting but drag it into excel and it tallies with yours:

Single-Name Reference Entity Type
Corporate: Basic Materials $(6,711,873,309) 938
Corporate: Consumer Goods $(9,956,949,176) 1,566
Corporate: Consumer Services $(113,258,106,654) -13,378
Corporate: Financials $538,205,850 3,460
Corporate: Health Care $(374,084,962) 231
Corporate: Industrials $90,480,388 2,053
Corporate: Oil & Gas $1,366,218,409 743
Corporate: Technology / Telecom $(7,191,711,322) 1,378
Corporate: Utilities $(4,954,614,241) 778
Corporate: Ocá cược thể thao bet365_cách nạp tiền vào bet365_ đăng ký bet365r $(2,308,078,415) -175
Sovereign / State Bodies $8,080,963,284 1,089
Residential Mortgage Backed Securities $538,665,768 118
Commercial Mortgage Backed Securities $114,813,400 12
CDS on Loans $541,391,548 153
Ocá cược thể thao bet365_cách nạp tiền vào bet365_ đăng ký bet365r $27,064,385 61
Total $(133,457,615,047) -973

Tyler Durden said...

will check it out later today

Anonymous said...

Looks like I used cá cược thể thao bet365_cách nạp tiền vào bet365_ đăng ký bet365 latest stuff from Tuesday - Chatting around seems like cá cược thể thao bet365_cách nạp tiền vào bet365_ đăng ký bet365 big drop in Consumer Services was huge portfolio compression effort. FYI - Markit is having its conference to discuss cá cược thể thao bet365_cách nạp tiền vào bet365_ đăng ký bet365 fixed coupon/NoR CDS changes tomorrow in NYC - any thoughts...seems CDS will still be quoted on spread but I wonder how cá cược thể thao bet365_cách nạp tiền vào bet365_ đăng ký bet365y will 'force' everyone to roll into new contracts...