credit trading? itraxx? cdx? anyone?

Discussion in 'Strategy Building' started by man, May 11, 2005.

  1. nitro

    nitro

    Look at LQD and IEF and the spread between them.

    nitro
     
    #21     May 13, 2005
  2. dont

    dont

    Okay that appears to be a huge spread.

    Short LQD and go long IEF?:confused:
     
    #22     May 14, 2005
  3. man

    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?
     
    #23     May 17, 2005
  4. dont

    dont

    Christ that is bad :eek:

    Sure we will hear in next few weeks.

    Might be oppurtunities if they are forced to liquidate
     
    #24     May 17, 2005
  5. man

    man

    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 ...
     
    #25     May 17, 2005
  6. ig0r

    ig0r

    Long LQD short IEF, good luck doing any real size though. Any idea why the exploding spread?

    --

    http://themarkettruth.blogspot.com/
     
    #26     May 17, 2005
  7. dont

    dont

    When I realised that I had it backwards it was too late to edit.
     
    #27     May 18, 2005
  8. man

    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.
     
    #28     May 18, 2005
  9. dont

    dont

    I don't get it?
     
    #29     May 18, 2005
  10. man

    man

    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? ...
     
    #30     May 18, 2005