The 12 Days of Hedging

Posted by Paul Jackson on 12/23/08 at 4:33pm

Circulating via MBS trading desks this afternoon, enjoy!

On the 12th day of hedging, my true love gave to me:

12 Investors suing
11 Brokers beeping
10 Traders weeping
9 Originators selling
8 Dealers standing
7 Bonds I'm bidding
6 Regulators sleeping
Offer 5's to Beijing
4 letter words
3 half days
2 OJ gloves
And a 4 trading at par + three