Wednesday, April 8, 2009

Credit Commentary

As market does all it can to hug the flatline, credit is leaking, with IG12 at 192, 3 wider on the day and HY12 at 1377, 18 wider. Equities blissfully ignorant of everything but tick by tick momentum.

No fear: Geithner's plunge protection team is here. Sphere: Related Content
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Anonymous said...


f'in A.
Huge Volume on the close.
GS is tier 1 support for the PPT.

teddy ten year said...

...which means they're confident that they will be getting a strong bid-to-cover on the 10yr tmw.

we'll see