bespokeinvest.typepad.com - 11/7/2008
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Yesterday we highlighted credit default swap prices for major banks and brokers around the world. Below we provide the same default risk levels for individual countries. These prices represent the cost per year to insure $10,000 of debt for five years. We also show what the prices were at the ...
nakedcapitalism.com - 11/4/2008
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nakedcapitalism.com —
We have noted that Treasuries (and the dollar)
are the remaining bubbles, although some doubts are starting...
to surface on the Treasury front. Paul Amery at Prudent Bear gives a good recap : The tectonic plates underlying the whole superstructure of ...
(more)
CDS Pricing in Increasing Treasury Default Risk
ft.com - 11/14/2008
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ft.com —
Synthetic CDOs, the risky and complex debt products
that are based on pools of corporate credit derivatives,...
are under increasing pressure after suffering a wave of default-related losses on top of general credit market deterioration. Synthetic ...
(more)
FT.com / Capital markets - New wave of CDOs at risk of ...
bespokeinvest.typepad.com - 11/9/2008
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bespokeinvest.typepad.com —
Below we highlight current credit default swap prices
for 13 global financial firms. The prices indicate the...
cost per year to insure $10,000 of bonds for five years. These prices were much, much higher a few weeks ago, so it's good to see them come ...
(more)
Default Risk for Key Financials
Comments
Blog Reactions
Links: Recession, Shipowners, GDP, Surfing, etc.
Paul Kedrosky's Infectious Greed —
Some quick links to items of interest: Queen Elizabeth on the credit crunch (Source) Argentina and U.S. bookend CDS ranks (Source) Shipowners idle 20% of vessels worldwide (Source) Great set of election 2008 cartograms (Source) Dubious about Dubai (Source) Hall of NBER: Conclusive evidence of recession (Source) Surfer takes on 41-foot monster wave (Source) Rare, profound positive events won't make you happy, but lots of little ...
Heat Map of Debt Insurance Costs Worldwide
Paul Kedrosky's Infectious Greed —
A heat map of the relative cost of insuring debt worldwide, according to current credit default swap prices. Brighter colors are bad, and gray means "no data". [Data via Bespoke]
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Readings: Bloomberg sues Fed, Country default risk, Prop trading
GalaTime —
... The lawsuit is based on the U.S. Freedom of Information Act, which requires federal agencies to make government documents available to the press and the public, according to the complaint.
The Fed staff planned to recommend that Bloomberg’s request be denied under an exemption protecting “confidential commercial information,”.
Now who’s going to sue the RBI?
Bespoke: Country Default Risk
Financial Times: ...
Words From the (Investment) Wise (11/9/08)
The Big Picture —
... Bespoke provided an interesting table of the credit default swap prices for individual countries. These prices represent the cost per year to insure $10,000 of debt for five years. Argentina is in the most trouble, with a cost of $4,453 per year to insure just $10,000 of debt, followed by Venezuela, Lebanon, Egypt and Indonesia. Of the G8 countries, Russia has by far the highest default risk with a CDS price of $523. Japan, France, the US and Germany have the lowest default risk of the group of countries, but they have all spiked more than 200% this ...
Words from the (investment) Wise
The Big Picture —
When British politicians start commenting on CDS…
FT Alphaville —
... on Gordon Brown’s plan to double the national debt,” said George Osborne, a Conservative lawmaker who speaks on finance. “Thanks to the government, many European countries including Portugal and Belgium are seen as safer investments than the U.K.” Let’s hope Osborne’s involvement with credit default swaps remains on the level of ‘interested observer’. Politicians plus CDS do not a happy coupling make. Related links: The US Treasury default risk meme - Paul Kedrosky Country default risk as measured by CDS - Bespoke
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Country Default Risk
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Liquidity, Default, Risk
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Default Risk At New Highs -- Scary But Not Surprising
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