The 12 Days of Hedging
By: PAUL JACKSON
December 23, 2008 4:33 PM CST
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
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