tag:blogger.com,1999:blog-4863014635257598503.post3083657316630399576..comments2024-02-27T22:18:53.706-05:00Comments on Zero Hedge: GE's $8 Billion Downgrade Time BombTyler Durdenhttp://www.blogger.com/profile/00165439451205639523noreply@blogger.comBlogger7125tag:blogger.com,1999:blog-4863014635257598503.post-24198726551151412122009-03-05T21:55:00.000-05:002009-03-05T21:55:00.000-05:00Given that the CDS is trading upfront I dont see t...Given that the CDS is trading upfront I dont see the ratings change to be a driver of the CDS blowing up wider. The bespoke comment above sounds closer to home especially given that the front-end of the curve is 1000bps wider of the 5y point. Default prob is now pricing in 50% over the next 5 years... more here:<BR/>http://www.acredittrader.com/?p=14Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4863014635257598503.post-38736387398260478252009-03-05T07:04:00.000-05:002009-03-05T07:04:00.000-05:00coincidence ... or moral guilt?coincidence ... or moral guilt?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4863014635257598503.post-25766770545078723972009-03-04T13:17:00.000-05:002009-03-04T13:17:00.000-05:00Credit Default Swap valuations based on transactio...Credit Default Swap valuations based on transaction data are critical to investors in GE and other distressed companies. We want to talk to others who have prototype reports like ours to offer clarity and objectivity where it is greatly needed. wzweifler@zweifler.comAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-4863014635257598503.post-32274541261325469952009-03-04T13:14:00.000-05:002009-03-04T13:14:00.000-05:00Credit Default Swap valuations based on transactio...Credit Default Swap valuations based on transaction price data is critical to investors in GE and other distressed companies. We want to talk to others who have a prototype report like ours to offer clarity and objectivity where it is greatly needed. wzweifler@zweifler.comAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-4863014635257598503.post-44863596452674153592009-03-04T12:10:00.000-05:002009-03-04T12:10:00.000-05:00anon..do you think it coincidence that the PMI etc...anon..<BR/><BR/>do you think it coincidence that the PMI etc are mocing in step function north above the important benchmark 50 level?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4863014635257598503.post-2145617075548115572009-03-04T11:46:00.000-05:002009-03-04T11:46:00.000-05:00Love to know more on the doctored Chinese data. My...Love to know more on the doctored Chinese data. My belief is they have all the incentive in the world to paint th picture all is well. If you can point out some stories on this be awesomeAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-4863014635257598503.post-41431663871247359782009-03-04T10:47:00.000-05:002009-03-04T10:47:00.000-05:00Hey Tyler, hearing some crazy scrambling among CDO...Hey Tyler, hearing some crazy scrambling among CDO bespoke dealers hedging their jump risk! MOre than anything this is what is dragging CDS wider. Using any Capital Structure model, GECC's CDS trades cheap (wide) to its equity at these levels (but not as much as one might believe). That AAA badge swings both ways - at least they ca still fund via TLGP!CreditTraderhttps://www.blogger.com/profile/03459739275420385448noreply@blogger.com