…because of the existence of the Sovereign Debt CDS market. So, unless you are trading acvtively in both markets, as a buyer, you are being charged too much for sovereign…

…Not certain I would quit my job to work for him, but it would be worth thinking about. The next speaker is Woong-Ki Kim, chairman of the Sae-A Trading Company—or,…

…banking systems are exposed to the same government securities currently trading at distressed levels. A case in point is France with outsized exposure to Italy and Greece (see Table 9B)….

…Trading Places 1983 A while ago (an understatement) I posted on the question of what is rich. The first dealt with what issues to consider in defining rich. The second…

…trading posts like Hong Kong and Singapore. Anyway, Harberger thought this didn’t make sense, and wasn’t a good topic, so I scratched it off the list of thesis topics. But…

…getting a poorer deal due to issues of asymmetric information hardly call to mind the borrower’s irrationality. Second is that many of those transactions were people “trading up” without clearly…

…the 7 yr saw a yield of 2.43%, 3 bps above the when issued The WI is where that same note was trading even as it was being auctioned. Which…

…in the longest ‘bad news is good news’ moment that I have ever come across in my 31 years of trading. That means the bad news keeps producing the low…

…tend to move the economy, but that effect may be short lived in the fickle world of modern stock market trading.) But has that relationship changed over time? Here’s a…

…trading band, hitting 5.55% on April 18 (latest number is 5.47%). More on Ireland I assure you, that it’s too early to deem the Irish sovereign as impervious to the…