CS credit risk has spiked to record highs this morning, topping 280bps at one point – basically disallowing the company from any investment banking business… $46 BILLION in securities with agreements to resell. RIP

by Boo_Randy 2/ CDS are a bit hard to understand, so instead I'll focus on the bonds. The 2025 Credit Suisse bonds pictured below trade at 6.4%. Compare this, for example to Ukraine 2025 debt trading at 67%. Talking about …

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Full ruble collapse and bank carsh in Russian this morning? ALL Russian bank websites are Down.

Multiple reports just coming in. https://twitter.com/iharishtomar/status/1498469380061294593 Not one Russian bank website is working today. See for yourself:https://t.co/RD2jMChm3yhttps://t.co/Q0xRODFwxf Or https://t.co/rx14XJXhZ1https://t.co/6dViaOEeUH For comparison, try clicking Ukraine’s Bank. Works fine:https://t.co/rQvtWkEqsY. — West Coast Intel (@WestCoastIntel) February 28, 2022 https://twitter.com/TerryKauffman13/status/1498387421213437958 Every Russian bank websites …

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Monday Morning – Be Patient

by HSeldon2020 The S&P futures market opens in about an hour and will give a pretty good indication if the selling pressure has abated or plans to continue. Key here is patience. Buyer and Sellers are both going to be looking …

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