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Swiss National Bank "Monitoring" Credit Suisse Situation
What do credit traders know that equity traders are ignoring? While equity prices had risen for the last two days, dragged higher by the market's melt-up, Credit Suisse credit risk continued to wide dramatically... chart For context, with CDS trading at around 373bps, the equity market (price and volatility) is implying a spread around 157bps... chart So either CDS is drastically too high, and/or CS stock price is too high (or implied vol too low). SocGen analysts wrote this morning that Credit Suisse needs to aggressively deleverage its investment banking operations, suggesting that the stock's recent decline ... (full story)
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- Oct 5, 2022 2:58pm Oct 5, 2022 2:58pm
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yieldjunkie - Joined Dec 2020 | Status: Member | 150 Comments
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- Posted: Oct 5, 2022 1:37pm
- Submitted by:Category: Fundamental AnalysisComments: 1 / Views: 1,188
