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IDS World Markets Wed 12th December 07


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DJ Fed Accepts $20 Bln In 8-Day RPs

 

Type of transaction: 8-Day RPs

Total accepted: $20 Bln

Total submitted: $64.8 Bln

 

Agency Collateral Operation

Total accepted: $7.876 Bln

Total submitted: $22.75 Bln

Stop-Out Rate: 4.29%

Weighted Average: 4.31%

High-rate submitted: 4.31%

Low-rate submitted: 4.14%

 

Treasury Collateral Operation

Total accepted: $12.124 Bln

Total submitted: $17.3 Bln

Stop-Out Rate: 4%

Weighted Average: 4.07%

High-rate submitted: 4.26%

Low-rate submitted: 3.7%

 

Mortgage-Backed Collateral Operations

Total accepted: None

Total submitted: $24.75 Bln

Stop-Out Rate: N/A

Weighted Average: N/A

High-rate submitted: 4.32%

Low-rate submitted: 4.19%

 

(Data was provided by the New York Federal Reserve Bank).

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Time to review the Fed's Borker/Dealer list, now down to just 20

 

BNP Paribas Securities Corp.

Banc of America Securities LLC

Barclays Capital Inc.

Bear, Stearns & Co., Inc.

Cantor Fitzgerald & Co.

Citigroup Global Markets Inc.

Countrywide Securities Corporation

Credit Suisse Securities (USA) LLC

Daiwa Securities America Inc.

Deutsche Bank Securities Inc.

Dresdner Kleinwort Wasserstein Securities LLC.

Goldman, Sachs & Co.

Greenwich Capital Markets, Inc.

HSBC Securities (USA) Inc.

J. P. Morgan Securities Inc.

Lehman Brothers Inc.

Merrill Lynch Government Securities Inc.

Mizuho Securities USA Inc.

Morgan Stanley & Co. Incorporated

UBS Securities LLC.

 

By my quick count 8 of the 20 are subsidiaries of foreign banks.

632023[/snapback]

 

Who was dropped?

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Nomura...said NO morea

632066[/snapback]

 

 

HEY! YOU STOLE MY JOKE THAT I WAS JUST GONNA POST! :angry:

 

:lol: :lol: :lol:

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*DJ BOC Will Accept Some ABCP Issues, US Tsys As SLF Collateral

 

 

I got some dogsh@# I picked up in the park, will they take that to?

632073[/snapback]

 

Guess they didn't learn from the Dollar slide.... I suppose if they want to participate in this scheme as well, they can have at it.

 

As for me, I refuse to short. These guys are nothing less that Wild Cornered Animals. It is a global problem and they ALL stand to lose once the paper game is over.

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The most bearish action possible will be cash.

632072[/snapback]

 

 

No Sudaca. That will be the best time to go short.

 

No bears, no short covering.

 

I am going to be brave today and set some more shorts. Modest positions, I am not going to get carried away either.

 

Still in the green here on the two shorts from Monday.

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This is bogus. The big thing is the $24 billion in currency swaps for the ECB and Swiss CB. They have a dollar shortage over there and big problem in repaying dollar debt. But $24 billion may just be a drop in the bucket.

 

None of this will help. The market's second reaction is HOLY SHEET! THINGS REALLY ARE BAD!

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