Comment by: Anonymous. Posted 12 years ago [2011-10-06 02:26:30]

Interesting to look back on this article and the comments from a year ago. The more relevant question now a year on is "Will Morgan Stanley return?" given their 5 year CDS in the 500bps to 600bps area and their equity price at less than 20% of its 2007 peak. Maybe report articles such as the above that seem, with the benefit of hindsight, to be way off the mark aren't helping?

Comment by: Anonymous. Posted 14 years ago [2009-10-21 12:54:17]

whats interesting to the IG single name and index players is how this either recovery or demise of the tranche market will impace the compresion trade. If the price of leverage is higher, do we find a floor on IG spreads and underperformance of low beta names into a rally.

Comment by: Anonymous. Posted 14 years ago [2009-10-20 22:40:38]

I can't see the rated market really coming back any time soon. There is not much faith left in the ratings agencies anymore. If its not a view they got their models wrong in the first place, it is now that they have given up a fundamental approach and are just trying to back solve for a rating from market prices. On top of that any prudent investor buying on rating needs to factor in a 4 notch downgrade to his deal for midstream model changes by the agencies.

Comment by: Anonymous. Posted 14 years ago [2009-10-20 16:57:06]

Now, all we need to do is add a little leverage....

Comment by: Anonymous. Posted 14 years ago [2009-10-20 13:16:20]

What's a bespoke, grandad?

Comment by: Anonymous. Posted 14 years ago [2009-10-20 13:14:43]

The bond market has validated this year a well renowned theory in financial market, that investor' mentality equals herd's mentality. Sometime next year a bunch of investors will buy a synthetic CDO. Headlines in the papers. Whispers. Other investors will buy in. Even better products will be offered. Why don't we add a manager?

Comment by: Anonymous. Posted 14 years ago [2009-10-20 12:57:19]

if Mandelson can !?

Comment by: Anonymous. Posted 14 years ago [2009-10-20 12:21:27]

Watching with bated breath.