“We were earning a spread over SOFR of 14.6%... the bank and the ETF settle up every day... we are providing insurance against a very large single day drawdown to a bank”

Janus Henderson · Animal Spirits Podcast · Talk Your Book: The Next Generation of Income Strategies

Play from 30:58
30:58

Audio streams from the publisher’s own feed. Verbatim does not host or copy it.

What was described

issued a stability note on SK Hynix that insures a bank against a single-day drawdown and earns a spread over SOFR

14.6% spread over SOFR; barrier 45%; SK Hynix fell 45% in one day

Said nearby on the same subject

“We took up our position in SK Hynix to be about a four, a bit over 4% ... stock's up 20 fold ... we've sold about 90% of our position, but that still leaves us with almost 7% position in the fund”
CR
Cameron Robertson
Equity Mates Investing Podcast ·
How they work 4% position, 90% sold, 7% remaining, 20-fold stock increase Share this moment
“Senior bond spreads move from the low 60s to the circa 70 area; major bank T2 spreads drift from high 115-120 to low 130”
♫
Said on Complexity Premia
Why it worked senior spreads low 60s → ~70 bps; T2 spreads high 115-120 → low 130 bp… Share this moment
“Each different plant earns you a point… 30 different plants a week… the super six… quantity, variety, and spread.”
♫
Said on Working Hard with Grace Beverley
How they work 30 points per week Share this moment
“What if, instead of competing over a full season, contest took place over a single day? ... you could win or lose real cash every day.”
♫
Said on Understood: The Big Bet
Growth tactic Share this moment

Moments like this, every Monday

The strongest new moments on your topics, in the speakers' own words. Free for three topics.

No card. No password. One-click unsubscribe.

Track a competitor?

Pro watches up to 25 names or phrases and emails you the morning after they are said.

See Pro, $29 a month

Verbatim quotes a short extract and links to the episode; the episode belongs to its publisher. Remove a show.