A few interesting stories popped up on Dow Jones Newswire today, again bringing up some questions regarding the credit triggers for the CDS (Credit Default Swap) market. A snippet of the story is quoted (highlighted by myself): Standard & Poor’s Friday said in a report that for issuers rated at Greece’s level, single-B, a “voluntary”
After the reuters story about a greek aid package I shorted the spike expecting a reversal for the rumor … DJ New Greek Plan Would Include Increased External Funding -ReutersDJ EU Agrees In Principle On New Greek Plan -ReutersDJ New Greek Plan Would Run 3 Years -Reuters What I did not expect was for it
While having an underweight view on equities other asset classes are worth a look. In addition to credits, one of the more interesting to follow, in my opinion, is foreign exchange speculation. EURUSD is currently trading below the option barrier around 1.45 after having enjoyed a revival over the past two weeks (circled), as the
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