Maybe Footnote 88 really is evil. Your FX year that was. Have you noticed? Equities are the new bonds. FX evolution. If Someone Offers You A Collared Swap On A Bank Trust Preferred Security, It’s Okay To Say No. The news these days is full of stories about swaps gone awry, where “awry” means “down in value for people who bet on rates going up, because rates went down.”
Oakland and Libor, yes, but there’s a fun one in Floyd Norris’s column last week about this horror: The security had a mouthful of a name: Floating Rate Structured Repackaged Asset-Backed Trust Securities Certificates, Series 2005-2. It was created and sold in 2005 by Wachovia Securities, then part of Wachovia Bank, which was renamed Wells Fargo Advisors after Wells Fargo acquired Wachovia. The bank called the securities Strats, a quasi-acronym. Switzerland is ‘new China’ in currencies. Whelan-BoE.pdf (Objet application/pdf)
Spanish bailout saves German pain. Wednesday, 16 April 2014 Spanish bailout saves German pain 29 June 2012 | By Gareth Gore, Sudip Roy This content is not included in your subscription package Please contact us to renew or upgrade your subscription.
Sign In. Frenzied buying of investment grade corporate bonds.
Money Markets. Deus Ex Macchiato. Chinese financial system. Dark Pool. Alphaville. Elsewhere on Wednesday, - The real problem with HFT. - Summers’ inverse Say’s Law. - The impolitic wisdom of Simon Kuznets.
Abnormal Returns. Analysis & Opinion. Mergers, Acquisitions, Venture Capital, Hedge Funds - DealBook.