grips-dkf-20110329 (2) - IDS GmbH - Analysis and Reporting Services
grips-dkf-20110329 (2) - IDS GmbH - Analysis and Reporting Services
grips-dkf-20110329 (2) - IDS GmbH - Analysis and Reporting Services
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4<br />
Observation 2:<br />
Prices are speculative<br />
- During crises many sources, including OTC markets, provide<br />
only indicative or speculative prices<br />
1200<br />
US CMBS AAA 5 Y ASSET SWAP<br />
1000<br />
800<br />
600<br />
400<br />
200<br />
0<br />
01/2006<br />
04/2006<br />
07/2006<br />
10/2006<br />
01/2007<br />
04/2007<br />
07/2007<br />
10/2007<br />
01/2008<br />
04/2008<br />
07/2008<br />
10/2008<br />
01/2009<br />
04/2009<br />
07/2009<br />
10/2009<br />
01/2010<br />
04/2010<br />
07/2010<br />
10/2010<br />
01/2011<br />
basis points<br />
BNP Paribas warning<br />
Lehman files for Chapter 11<br />
Source GRIPS / Merrill Lynch<br />
© <strong>IDS</strong> <strong>GmbH</strong> – <strong>Analysis</strong> <strong>and</strong> <strong>Reporting</strong> <strong>Services</strong><br />
4
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