2008-06-23 Weekly Credit Graph Packet
Posted by WARREN MOSLER on June 23rd, 2008
IG On-the-run Spreads
IG6 Spreads
IG7 Spreads
IG8 Spreads
IG9 Spreads
Looks to be slowly zigging and zagging its way higher.
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June 24th, 2008 at 9:21 am
Bank stocks continue to drop on a daily basis over concerns about credit quality and dilutive capital raises. The bkx (KBW bank stock index) is at decade lows reflecting massive fears about the credit cycle. Every equity deal that has been done is trading below issue price creating fear of participating in future deals. Seems the markets are discounting a recession if not a serious one.
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June 24th, 2008 at 9:28 am
‘rearranging and repricing of financial assets,’ yes, recession, not necessarily
exports booming and fiscal kicking in to support gdp
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