Bloomberg: Crap

PaperCut · April 9th, 2009, 6:58 pm

Check out Bloomberg's Swap Manager. Woooooooo - Hoooooooo !!!! We are living the high life now. Tradin' swaps. WHOOPS!!!!! Their curve is based on a bunch of CRAP: Libor fixings !!!!! Yeah, that's right! Nice. Thanks, guys!OK, how about ICVS <Go>. Thank goodness!!! A real curve stripper!!!Bloomberg: CRAP

PaperCut · April 11th, 2009, 2:22 am

Crap, I tell you!!!

DavidJN · April 11th, 2009, 4:27 am

I have always (and with some smug affection) referred to the Bloomberg as the "industry standard error".

Martinghoul · April 14th, 2009, 8:16 am

QuoteOriginally posted by: PaperCutCheck out Bloomberg's Swap Manager. Woooooooo - Hoooooooo !!!! We are living the high life now. Tradin' swaps. WHOOPS!!!!! Their curve is based on a bunch of CRAP: Libor fixings !!!!! Yeah, that's right! Nice. Thanks, guys!OK, how about ICVS <Go>. Thank goodness!!! A real curve stripper!!!Bloomberg: CRAPI think they have fixed it now...

PaperCut · April 16th, 2009, 2:21 am

QuoteOriginally posted by: MartinghoulQuoteOriginally posted by: PaperCutCheck out Bloomberg's Swap Manager. Woooooooo - Hoooooooo !!!! We are living the high life now. Tradin' swaps. WHOOPS!!!!! Their curve is based on a bunch of CRAP: Libor fixings !!!!! Yeah, that's right! Nice. Thanks, guys!OK, how about ICVS <Go>. Thank goodness!!! A real curve stripper!!!Bloomberg: CRAPI think they have fixed it now...They have fixed it?I looked again and the front part of the SWPM curve is still BBA fixings.

qhedge · April 16th, 2009, 6:36 am

You can change from 'cash rates' to 'deposit'. I wonder however where BBG sources these quotes from.

Deve10per · April 16th, 2009, 8:00 am

Libor rates comes from and is calculated at Thomson Reuters

Martinghoul · April 16th, 2009, 9:16 am

I see the right stuff in mine... Maybe you need to use SWDF to set up your defaults so that the right curves are used in SWPM.

PaperCut · April 17th, 2009, 2:32 am

Got it: Martinghoul, you're right, but there's a little more to it.You need to set up your curve under ICVS (deposits vs. cash in the front end), hit "save," and then specify your new default curve as a "custom" curve in SWDF.Nice. This is what pisses me off about Bberg. It's so Byzantine. Like a correct curve should be considered "custom."

Martinghoul · April 17th, 2009, 6:32 am

QuoteOriginally posted by: PaperCutGot it: Martinghoul, you're right, but there's a little more to it.You need to set up your curve under ICVS (deposits vs. cash in the front end), hit "save," and then specify your new default curve as a "custom" curve in SWDF.Nice. This is what pisses me off about Bberg. It's so Byzantine. Like a correct curve should be considered "custom."That is a wonderfully appropriate and sweet term to describe BBG, indeed, PC: 'byzantine'... I am gonna use that, with your permission.