Tuesday, September 16, 2008

A $62 TRILLION market, boomed a month ago, is now paused?! Or, is it like Monty Python’s parrot?!

Credit Protection Costs Soar In Stunned CDS Market

Activity in the $62 TRILLION credit default swaps market is non-existent to decent, depending on the index and name, according to market participants. Index flows are thin, for instance, while there is decent volume in financial companies, according to one participant. "The market is in a state of paralysis, and there is a sense the street is in shock," said Lindsey Spink, investment-grade trader at AXA Investment Managers in Greenwich, Ct., regarding the CDS market.

Posted by planning4acrash @ 01:16 AM (657 views)
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2 thoughts on “A $62 TRILLION market, boomed a month ago, is now paused?! Or, is it like Monty Python’s parrot?!

  • “there is a sense the street is in shock”

    In shock of course, that even the taxpayer piggybank has limits …

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  • last_days_of_disco says:

    Beautiful plumage though…

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