September 24th, 2010, 9:21 pm
QuoteOriginally posted by: friesenjungHi,Also on a side note: does anybody know if the all-upfront standardized equity tranche on the iTraxx Europe Main still gets quoted fairly liquidly? CheersI take you are talking about the standardized Itraxx Main Equity Tranche (ie upfront + 500bp coupon). The most liquid one is still Itraxx S9 (5Y/7Y/10Y). Some liquidity (ie the dealers trade against each other + multi-handful of accounts). I sometimes still see the more exotic index tranches product (e.g. Itraxx S6,S7,S8, ItraxxS9-3Y, equity/mezz PO etc). But they are more or less like bespoke tranche.