Tuesday, March 17, 2009

BWICs Gallore

March 31 redemption deadlines anyone? The avalanche of BWICs hitting cá cược thể thao bet365_cách nạp tiền vào bet365_ đăng ký bet365 market is oddly missing from mainstream media... Just today a cursory glance reveals over $110 in CMBS million being shopped by brokers; additionally cá cược thể thao bet365_cách nạp tiền vào bet365_ đăng ký bet365re is a $98 million loan BWIC as well as cá cược thể thao bet365_cách nạp tiền vào bet365_ đăng ký bet365 odd $40 million of Lehman bonds looking for a bid.


BWICs, many argue, are cá cược thể thao bet365_cách nạp tiền vào bet365_ đăng ký bet365 one true indicator of cá cược thể thao bet365_cách nạp tiền vào bet365_ đăng ký bet365 level of deleveraging within cá cược thể thao bet365_cách nạp tiền vào bet365_ đăng ký bet365 fund community. With two weeks left until hedge funds have to release tons of redeemed cash (especially newly unfrozen funds like Citadel and Fortress), look for this indicator to spring higher, and to provide terrific opportunities to buy bonds, loans and MBS at below market prices. Sphere: Related Content
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6 comments:

Unknown said...

Maybe cá cược thể thao bet365_cách nạp tiền vào bet365_ đăng ký bet365 government should buy here, or are cá cược thể thao bet365_cách nạp tiền vào bet365_ đăng ký bet365 prices too low?
/sarcasm

Anonymous said...

Any insight on how this will effect equities? Will funds look into equity liquidation to generate cash?

Thanks.

Anonymous said...

That's out of context - BWICs across RMBS, CMBS and HY today are actually decently slow and have been since cá cược thể thao bet365_cách nạp tiền vào bet365_ đăng ký bet365 equity rally began last week.

Tyler Durden said...

who would presume to do cá cược thể thao bet365_cách nạp tiền vào bet365_ đăng ký bet365 right thing and sell into a rising market...

Anonymous said...

a 110mm bwic on cmbs is an avalanche?
it will generate a whole 75mm in proceeds. now thats raising some cash!

thats oddly missing from media?
come on tyler, you know better than that (unless you really are "just a guy with a schwab account").

Tyler Durden said...

as a snapshot of cá cược thể thao bet365_cách nạp tiền vào bet365_ đăng ký bet365 market in a 5 minutes range... it is pretty indicative