Friday, June 1, 2012

Dealers and investors call summit to discuss ... something

I can't resist a plug here for a couple of new blogs of interest to corporate bond market participants. The first is The New New Issue Report hosted by Eric Schmalzbauer. Erik will provide a concise daily commentary on new issues hitting the corporate bond market.

The second is Hosker's Hoot a two or three minute commentary from former Goldman strat Jim Hosker providing a summary of buying and moves in the bond and CDS markets, and broader color on economic events.

In his first hoot, Jim drew attention to the unusual summit held between some major broker dealers and buy side firms outside of Boston called to discuss concerns over liquidity and changes in the credit markets. They certainly have a lot to discuss.

Anecdotally, this is not the only high level offsite in recent times on the same topic. One bank revealed to us that they had held a similar meeting, and that a certain provider of real-time corporate bond and CDS pricing (ahem, Benchmark Solutions) was mentioned many times during their meeting.

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