tyb
chek't
shhhh….
German AF GAF007 Airbus A400M out of Bangor, MN
VENUS92 C-32A from Youngstown, OH to JBA on final
timing is not very good. could have been moar than double a few weeks ago
tyb
I am fully aware of the difference anon. Not my first, nor last rodeo.
Banks Said to Offer $1.3 Billion of Risky Loans to Unwind Swaps
Citi and Truist each conducted loan auctions on Tuesday. Loan prices plunged below 80 cents to more than 10-year lows. Citigroup Inc. and Truist Financial Corp. are among banks that have been selling off hundreds of millions of leveraged loans to help unwind swap trades tied to the debt, according to people familiar with the matter.
The banks solicited buyers for around $1.3 billion in two separate leveraged loan auctions on Tuesday, said the people, who asked not to be named discussing private transactions. About half of the loans seeking bids ultimately traded, the people added.
Representatives for Citi and Truist, the entity formed from the tie-up between BB&T Financial Corp. and SunTrust Banks Inc., declined to comment.
Total-return swaps can give investors amplified exposure to assets like leveraged loans. In a typical agreement, an investor pays a bank an agreed-upon rate and in return receives payments based on the performance of a specific loan. Swap receivers typically post minimal collateral upfront, giving the transactions leverage that can beef up returns when times are good but magnify losses when prices decline. Amid the coronavirus panic, the S&P/LSTA Leveraged Loan Price Index has tumbled nearly 20 points to as low as 76.2 cents on the dollar, which left many investors vulnerable to margin calls.
Total-return swaps have mark-to-market triggers that enable banks to demand more collateral from swap receivers. Investors in other asset classes like non-agency mortgage-backed securities have been scrambling to meet margin calls after risky asset prices plunged rapidly amid the pandemic.
https://www.bloomberg.com/news/articles/2020-03-25/banks-said-to-offer-1-3-billion-of-risky-loans-to-unwind-swaps
For sure-they know what it's going to do because they control every aspect. They had a big one of $75m in November of last year too.
https://www.finviz.com/insidertrading.ashx?oc=1797827&tc=7&b=2
total faggot