credit trading? itraxx? cdx? anyone?

Quote from nitro:

Look at LQD and IEF and the spread between them.

nitro
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Okay that appears to be a huge spread.

Short LQD and go long IEF?:confused:
 
other thing. someone is currently getting heavily burned on equity pieces in the tranched indices. rumors tell it is either one of the big corr desks or a big fund. losses in magnitude of nine figure losses ... anyone following this?
 
Quote from man:

other thing. someone is currently getting heavily burned on equity pieces in the tranched indices. rumors tell it is either one of the big corr desks or a big fund. losses in magnitude of nine figure losses ... anyone following this?
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Christ that is bad :eek:

Sure we will hear in next few weeks.

Might be oppurtunities if they are forced to liquidate
 
i would guess it will get public soon. itraxx corrs for equity came down dramatically. but i would not bet on too quick mean reversion ...
 
looks like we have a race between corr desks, hedge funds and corr desk risk management when it comes to the marks for credit equity products for this month.
 
Quote from man:

looks like we have a race between corr desks, hedge funds and corr desk risk management when it comes to the marks for credit equity products for this month.
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I don't get it?
 
the funds are marked to market, but for bespoke tranches there is no "market". where do these positions have to be marked??? who are the counterparties? what does the risk mgmt of those counterparties intend? ...
 
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