CET

M_Scaevola

Burry’s chart makes me think it’s BAC. Unless C and JPM have abnormally high CET1, neither have suffered as much on duration risk

MyoosikMan

I'm sorry, I must be mistaken. I thought that post-wipeout of the AT1s, CS was now below the CET1 threshold. What is their CET1 vs. RWA now? Understand that this is not economically important, but technically false that they have never breached it. Just took the wipeout to do it. Unless I am wrong.

cryptodolphins

It was AT1. They came into the week with a sufficient of amount of CET1 capital. Then they started having outflows of deposits to the point where the Swiss government decided something had to be done. Then the Swiss government provided a 50bn CHF liquidity line. The notes had two triggers: 1. CET1 ratio dropping below 7% or 5.5% depending on the note. This was not triggered , the CET1 never dropped below this level, else the Swiss would have used that trigger justification for the write down. 2. Significant government support - if the Swiss government provided significant government support that increased capital ratios, then the notes could be written down to zero. However, the Swiss government never provided support to increase capital, hence the lawsuits from the bondholder group and the CS AT1s trading up to 4-6. In any case bank CET1 is supposed to be first loss absorption buffer with AT1 only being bailed in after CET1 is exhausted. The Swiss government violated cap structure seniority to pay out the Saudis. Shareholder equity is intrinsically tied to CET1 capital.

MyoosikMan

I never said that it did. Only that it is not equivalent to equity and is actually subordinate under certain conditions. After which you stated that it never breached the CET1 ratio. It seems to be in breach of it right now. Unrelated to why the bonds were wiped out but still worth noting as I thought the statement was factually incorrect.

cryptodolphins

The CET1 ratio is a very specific number, which never dropped to 7%. The Swiss government claimed that they provided government support which triggered the write down, not that there was a capital trigger.

Catnip666666

I think the outrage comes from the fact that investors misunderstood this clause. Notes shall rank (i) junior to all claims of Priority Creditors, (ii) pari passu with Parity Obligations and (iii) senior to the rights and claims of all holders of Junior Capital. If the regulator will write down the bonds to protect equity holders, then in fact the bonds are junior to equity. Also, write down events are typically assumed to be tied to the CET1 ratio. Always read the fine fine print 😅

Fausterion18

False, they had 15% in CET1 capital.

Rainbow_kitt

Wrong. There is not a single case where PWD AT1 are senior to stockholders. In a regular trigger event the CET1 ratio would drop to 7%, and the PWD AT1s get wiped out completely. If the bank manages to stabilize itself due to this additional CET1, the stock gets traded as usual. Otherwise the bank will be bought by another one like now. If the CET1 further sinks and the Regulator closes the bank/invsolvency the AT1s were alredy written off to zero while stockholders get the last rank in seniority. Different case with CoCo.

Psychological-Toe-49

While I agree that the 7% CET1 trigger can result in losses to AT1 before equity, Matt is ignoring the whole resolution framework that stipulates priority when exercising write-down powers. The fact of the matter is, the Swiss **did** exercise write-down powers but they wanted to preserve equity. This would be shady at best under existing laws, so they made up a new law overnight using emergency powers under their constitution.

VisualMod

**User Report**| | | | :--|:--|:--|:-- **Total Submissions**|1|**First Seen In WSB**|just now **Total Comments**|0|**Previous Best DD**| **Account Age**|2 weeks|[^scan ^comment ](https://www.reddit.com/message/compose/?to=VisualMod&subject=scan_comment&message=Replace%20this%20text%20with%20a%20comment%20ID%20(which%20looks%20like%20h26cq3k\)%20to%20have%20the%20bot%20scan%20your%20comment%20and%20correct%20your%20first%20seen%20date.)|[^scan ^submission ](https://www.reddit.com/message/compose/?to=VisualMod&subject=scan_submission&message=Replace%20this%20text%20with%20a%20submission%20ID%20(which%20looks%20like%20h26cq3k\)%20to%20have%20the%20bot%20scan%20your%20submission%20and%20correct%20your%20first%20seen%20date.) >TL;DR: The AT1 to CET1 ratio is just one of the many metrics used to evaluate a bank's financial health, and other factors such as profitability, liquidity, and credit quality should also be taken into consideration.

Gogofranco

https://www.youtube.com/live/gmT0-w_0Ex4?feature=share Swiss Government will inform ob the official plant at 19.30 CET.

VisualMod

>1) The group's reported net loss is not indicative of its future prospects. It has significant assets and a strong history of profitability. 2) The CET1 ratio is below the minimum required level, but this does not mean that the group will be unable to sustain its assets in the event of a turmoil. There are other factors to consider, such as the size of its asset base and its past performance. 3) Major asset outflows from Europe may be due to concerns about thegroup's financials, but this does not necessarily mean that Europeans themselves are suspicious about the group's financials. Other factors could also be at play, such as political instability or economic conditions in Europe.

ImRayShoesmithsSmile

no worries brother, and my apologies for 'taking a shot' :) I'm always suspect of people on here, I feel like everyone (including me!) is just trying to push their bias.. CET1 capital is the banker way of saying tier 1 capital. from investopedia: > Tier 1 capital refers to the core capital held in a bank's reserves and is used to fund business activities for the bank's clients. It includes common stock, as well as disclosed reserves and certain other assets. Along with Tier 2 capital, the size of a bank's Tier 1 capital reserves is used as a measure of the institution's financial strength. So their capital position wasn't the worst but I think the incredibly high individual deposits spooked the Fed into preventing/ending a bank run

BernedTendies

>How was their HTM holding up? >that's in the burry tweet. My apologies, I rushed a response on mobile for that one. I scrolled past that chart last night and didn’t look at it as closely when you just sent it. Idk what CET1 Capital is but they’re barely above the median amount of losses. > I'm guessing you're in the 'SBNY closure was a Fed hit against Bitcoin' camp? Lol no, not really although it does make me wonder. But I have no interest in BTC’s success. I’m the opposite of a bitcoin maximalist. I think it’s a Ponzi scheme that should go to zero one day

TorpCat

Any ideas where to find/ calculate CET1 ratio for a bank of interest?

mmabet69

Plotting unrealized % losses of CET1 capital on the x axis against % of depositors with deposits in excess of the FDIC 250k limit. Basically, you can see that SBNY and SIVB were both outliers on the whole. FRC is also up there but not nearly as high as the other two. The purple banks are the “too big to fail banks” My takeaway is that SIVB was going to fail due to the massive losses whereas SBNY failed not as a result of losses but more of a result that they held concentrated risk in that most of their depositors held in excess of 250k. Once SIVB was taken over by the Gov and before the depositor bailout was announced, people in SBNY began pulling money out and that caused the bank to fail as well. Now with the government essentially saying “don’t worry fam we got you covered” with respect to deposits it doesn’t make sense why certain institutions like FRC would collapse because they’re losses are not nearly as severe as SIVB and the government/banks have come together to say “we good”. My takeaway is that burry is saying that the fear is overblown and the panic is unjustified but I’m just a simple ape trying to understand these arcane arts

No_Entertainer_9890

Wow. To point out the obvious, he's showing that most banks have a ton of deposits over $250k -- meaning they're at greater risk of a bank run. At the same time he's showing that most banks have at least 30% of their CET1 (Capital required to absorb losses) in unrealized losses - meaning it's doesn't take much to eat away their CET1 considering all the other losses the financial sector is and will be experiencing. Some of you all need to stop generalizing with this chart just because SIVB and SBNY are skewed extremes. It just means it's obvious they would fail first

VisualMod

The chart shows that the median bank has about 60% of its CET1 capital in unrealized losses. The top performers are SIVB, SBNY, and EWBC with less than 80% of their CET1 capital in unrealized losses.

ImRayShoesmithsSmile

[CET1 capital ratio for all banks](https://www.bankregdata.com//allHMmet.asp?met=ONE). can someone open that link and screen shot it? I clicked through a few of the tabs and i got locked out/ need to sign up.

VisualMod

This is a good chart/guide. It shows that banks with higher unrealized losses as a percentage of their CET1 capital are generally riskier than those with lower percentages. This makes sense, since banks with higher levels of non-performing assets are more likely to experience problems in the future.

teochewmueh

CET1(core tier), AT1(tier 1) and T2 (tier 2) are varying levels of capital that a bank has to support its assets and risk. CET1 represents the base minimum largely represented by shares and the bank’s reserves which includes profits/losses.

M_Scaevola

Schwab’s balance sheet and PAC West’s balance sheet are both pretty similar, you just have to look at average duration and whether AOCI is getting calculated into CET1. I’m sure there are others as well with similar poor decision making. Again, counter party risk. US law and policy are pretty clear on this. 250k is the cap. If you want to raise the cap, fine. But it was set at that level in 2007. When a nearly identical event happened. Plead ignorance on the part of depositors all you want, but US law, FDIC policy, and the history of banking are all very clear on this. This is apart from all of the very easy steps one can take to avoid this issue: multiple accounts, holding 3 month treasury bills, cash management accounts, deposit insurance. Googling ‘can I insure my bank deposits’ will yield 3 of those options in one of the top results. And it’s not as if those people were going to be wiped out. The FDIC stepped in very early, and at a minimum, 80% of anything beyond 250k was easily recoverable.

AluneaVerita

Hello OP, I tried to find the whole article and it seems the headline has changed. Would you be a dear and double check if this is the article [(link) ](https://www.bloomberg.com/news/articles/2023-03-16/jpmorgan-says-fed-s-loans-will-provide-2-trillion-of-liquidity#xj4y7vzkg) you show above? New deets: New Fed Bank Backstop Has Scope to Inject as Much as $2 Trillion Facility unlikely to be used by largest banks: JPM strategists Wrightson ICAP sees window, new facility use rising by $100b By Masaki Kondo and Alex Harris +Follow 16 March 2023 at 04:45 CET Updated on16 March 2023 at 14:51 CET

borrowedbook1

14:16 CET I believe

dsmvwld

Their market cap doesn’t really have anything to do with how much they’re holding in MBS. And besides, they have about $78B in AFS MBS and another $160B HTM. They have $40B in US treasuries, half of which are less than a year maturity, the rest are between 1-5 years. Their LCR is 123% and their CET1 is 22%. They will only have a liquidity problem if everyone behaves irrationally and withdraws all their deposits for no reason

vncld

I think the depress is pricing environment for regional bank is that the market is now absolutely convince they will race to increase their CET1 ratio which will decrease earning quality and also dilute existing shareholders.

vncld

They have one of the tightest CET1 ratio and clearly have no ability to raise with a share price at 10$. They will most likey be downgrades by credit agencies raising their borrowing cost, forcing them to reduce de CET1 to keep the same margins. You get the picture, a Bank with a melting market cap will have to seek a bigger partner to merge with.

ninkorn

OCC (Office of the Comptroller of the Currency) has been reaching out to every single US company with banking license today and requested data on their financial ratios and balance sheet, including CET ratios There’s gonna be more news coming out soon 🔜

BruceInc

Bofa should be a solid buy, they actually conduct stress tests and should have sufficient reserves to handle this. > At March 31, 2022 Bank of America had $170 billion of regulatory CET1 capital and a CET1 ratio of 10.4%.

Intrepid-Nectarine14

Reserves aren't a measure of a bank's health or solvency; they are a measure of liquidity. Capital ratios measure the bank's health and solvency; CET 1 ratios are over 10% for all the major banks, and are over 8% for almost all banks in the 'severely adverse' stress test scenario.

OverdosedCoffee

Did you even read the website? Stress test for 2023 hasn't started yet. That link only points to this year's scenario and which component applies to banks. Big banks passed the last test in 2022. [https://www.federalreserve.gov/publications/files/2022-dfast-results-20220623.pdf](https://www.federalreserve.gov/publications/files/2022-dfast-results-20220623.pdf) " Despite the larger post-stress decline this year, the aggregate and individual bank post-stress CET1 capital ratios remain well above the required minimum levels throughout the projection horizon" [https://www.wsj.com/articles/fed-stress-test-finds-big-banks-can-weather-severe-recession-11656016201](https://www.wsj.com/articles/fed-stress-test-finds-big-banks-can-weather-severe-recession-11656016201) "The Federal Reserve gave the biggest U.S. banks a clean bill of health in its annual stress test, saying they would be able to continue lending to households and businesses even in a severe recession."

PM-ME-SOMETHING-GOOD

Higher number is better. That's the percentage of capital relative to assets. So at a 25% ratio, the bank owns 25% of what it owes (sort of, this is massively simplified). More info [here](https://corporatefinanceinstitute.com/resources/wealth-management/common-equity-tier-1-cet1/#:~:text=CET1%20ratio%20compares%20a%20bank's,reserves%20such%20as%20retained%20earnings.). [This article](https://www.forbes.com/sites/digital-assets/2023/03/09/silvergate-bank-the-canary-in-the-banking-not-crypto-coal-mine/), though, says the true ratios might be worse than what's being reported because some of the securities they own are assumed to be held to maturity, and therefore they aren't reported at market price. So a lot of banks are holding securities that, if they had to sell now, would be worth less than what they say they have on hand. I'm probably wrong about all of this, I just learned most of this today.

VisualMod

>EU COMMISSION SPOKESPERSON: EU'S VON DER LEYEN AND UK'S SUNAK TO HOLD PRESS CONFERENCE AT 16:30 CET ^First ^Squawk ^[@FirstSquawk](http://twitter.com/FirstSquawk) ^at ^2023-02-27 ^09:39:15 ^EST-0500

Skadi793

One method is through CEFs. Here are some equity funds with pretty high distribution yields: TY: 8.14% ADX: 6.8% CET: 6.91% \--this is variable. Some years it will be less, and some might be over 10% Aside from those, you can look at high-yield corporate bonds, convertibles, and even preferreds. But you are going to see some degree of volatility for sure, and the bonds will come with risk.

Skadi793

I will argue that Closed-End Funds (CEFs) are better than both 1. They are not subject to pressure from redemptions 2. Far less institutional buyers invest in them 3. They trade in real-time on the exchanges 4. They can be bought at a much greater discount to NAV than a ETF (which uses different methods to hold the spread steady between NAV and price) 5. Some have low expense ratios (ADX, TY, CET, etc.) 6. Can use leverage 7. Have some of the best distribution yields you can find, far exceeding those of vanilla ETFs and index funds 8. Many of the stock CEFs have been around since the late 1920s --unparalleled track record

_Ulterior

unfortunately... ​ **Louis** (Trade Republic Lithuania) 10 Feb 2023, 07:53 CET Hello Leonardas, Thank you for your message and for your interest We currently don't offer derivatives to Lithuanian residents, the reason is that we are not able yet but our ambition is to offer your more and more products.  Our dedicated teams are working on it and on other features and we hope we will be able to add them to our offer in the future. Don't hesitate to answer directly to discuss it further or for any other questions Regards Louis

corporatebshq

When you say very long do you mean like WSB attention span long or...? Also can you break down the specifics of what you are seeing as far as CS "unrealized bond losses" especially since the publications this quarter and their plan (CET1 ratio of 14.1%, RWA reduction of USD \~5 bn and leverage exposure reduction of USD \~15 bn, liquidity coverage ratio similar to some of the metrics provided by JPM in the previous year)? The only thing I'd figure they'd actually block is if it was UBS buying all of CS. UBS bought puts a bit before CS's earnings anyhow so it seems that they were looking more at market consolidation in a different sense.

VisualMod

>BNP Paribas Q4 FICC Sales & Trading Rev €1.09b, Est. €855.6m Q4Net Income Eu2.15b, Est. Eu2.29b Q4 Rev. Eu12.11b, Est. Eu12.12b Q4 Equity & Prime Services Rev. Eu563m, -3.4% Y/Y Q4 CET1 Ratio 12.3%, Est. 12.3% Plans €5b Buyback For 2023, Raises 2025 Targets ^First ^Squawk ^[@FirstSquawk](http://twitter.com/FirstSquawk) ^at ^2023-02-07 ^01:04:21 ^EST-0500

StephenElliott

The trading day at Eurex Exchange typically runs from **07:30 to 22:00 CET**. The Europeans gamble right!

teaandsun

There was a uptick. Announcement was around noon CET, which is 6am (?) Eastern.

suaphen

New York FED. Speaks at Davos. I believe 2100 CET

sorocknroll

Of course they have. But you don't look at a bank on debt to ebitda, do you? Applying financial analysis designed for an industrial company to a bank is non-sense. Delinquency rates, risk adjusted assets, CET1, etc are all good things to look at.

Jalau

It's not premarket. It is the Europeans dumping their shares since 10 a.m CET.

silentsnooc

Oh and regarding your claim this thread would agree with you: The upvote rate is currently at 48% so I'd not really call this an absolute win. I can tell you this as well: Before 16:00 (CET+1) this thread had a positive upvote rate. I've been observing this behavior for some time now. It appears that sentiments differ overseas as far as this data goes.

dogssel

Thought their CET1 is enough?!

Carterknowsitall

Does anyone have any thoughts on the company cathedral energy (CET) they are a Canadian drilling company that recently purchased an energy company called altitude energy partners for over 100 million dollars. Their last earnings report was a 450% increase from the previous November. Any thoughts

t2t23t23

Smoking kills more each year than covid has ever killed. Calls on cigarette companies? > World Health Organization: More than 8 million die from tobacco use every year https://www.who.int/news-room/fact-sheets/detail/tobacco > Globally, as of 5:01pm CET, 11 November 2022, there have been 636,089,587 confirmed cases of COVID-19, including 6,604,704 deaths, reported to WHO. https://covid19.who.int/

suaphen

Get to work ameripoors! Im here in office since 0600 CET and I want the f*ckin friday shittalk and gambling to start!

macallan_man-18

Babcock International Group PLC (BW3.F) Frankfurt - Frankfurt Delayed Price. Currency in EUR 3.1000-0.0200 (-0.64%) At close: 10:00PM CET BlueWalker 3 test satellite AST SpaceMobile, Inc. (ASTS) NasdaqGS - NasdaqGS Real Time Price. Currency in USD 11/16/22 CLOSE FOR ASTS 6.70-0.81 (-10.73%) At close: 04:00PM EST 6.75 +0.05 (+0.75%) After hours: 07:53PM EST

ddbnkm

This is the most stupid shit ever. If there was an explosion (rumour), gas prices would surge, not drop. Also given the fact that the prices didn't recover after it was confirmed fake and that it started tanking exactly at 5 pm (CET), just means it dropped on the rest of the market rallying. The tweet has nothing to do with it.

sometimesimakeshitup

Fun fact he's had a bigger market cap than the s&p before, at exactly 14:56CET 05/07/21

Connect-Wrongdoer-11

Sorry for the long post but some DD for tomorrow…. Big BB day incoming… Bosch Connected World starts at 6 am Eastern (12 noon CET) tomorrow, Wed Nov 9… 1st keynote is BMW & Bosch, the former being 1 of $BB QNX's closest OEM partners. i.e. BMW & BB PR from Dec '21 Session at 7:45 am Eastern includes CEO of VW's CARIAD. $BB PR from July on CARIAD selecting BB QNX OS for Safety 2.2 for its software platform VW.OS The 3 Platinum sponsors tomorrow include $BB IVY partners $AMZN AWS & Zuora. Zuora provides a payments solution for in-car subscriptions in BB IVY. Zuora joined BB IVY in Dec '21…

theknowndudereturns

bro europe aint that big, its 21:45 CET

Khayembii

The fearmongering around CS is really quite bizarre. The disconnect between the narrative being pushed on Reddit vs. how the markets are viewing this is the size of the grand canyon. ALL of their debt is yielding in the single digits right now. If the market viewed this as a going concern risk the bonds would be yielding higher than they are. Equity is volatile right now because of the potential for a new dilutive raise, as the article says. And as the article also says, "Credit Suisse had a CET1 capital ratio of 13.5% at June 30, well above the international regulatory minimum of 8% and the Swiss requirement of about 10%. Its liquidity coverage ratio is one of the highest among European and US banking peers. " As the article ALSO says, they'll probably sell / spin off some businesses and be fine. Are they in a bad spot? Yes, of course. But they're not going to go under and likely won't need any form of bailout. They have plenty of options to shore up their capital needs.

4dr14n

CET1 ratio is the same as every other major European bank boi

lovelybliss

What the 2008 recession demonstrated was that finance was lacking oversight. Before shit hit the fan, many financial institutions had relied too heavily on taxpayers because they were too big to fail. In response to the 2008 financial crisis, the Federal Reserve has implemented many regulations which includes capital assessments of large banks known as the Dodd-Frank Act Stress Test (stress test) and the Comprehensive Capital Analysis and Review (CCAR). These annual tests are in place to ensure that big banks are able to absorb losses in stressful scenarios such as the recession. Take JPMorgan and Chase & Co. for example which highlights its “Fortress Balance Sheet” front and center of Jamie Dimon’s [Annual Report aka Annual Letter to Investors](https://www.jpmorganchase.com/ir/annual-report). The CET1 ratio is the first line item in that category which represents the percentage of capital regulators require JPM to hold calculated based on the bank’s Risk Weighed Assets. JPM held $1,437B as of Q4 2020. Sure the collapse of a bank like CS may cause ripples but big banks are a lot more self sufficient than they were before 2008. This capital reserve requirement ensures that they won’t require a bailout from the government. That being said, many of the regulations that were implemented after 2008 are very complex. Some experts say that this left the roots of the financial crisis under-addressed.

applesauceorelse

That's just your inner moron talking where you just mindlessly regurgitate memes you read on the internet. CS has a CET1 almost 5x what Bear Stearns had.

Crypto556

Bruh you can look up the numbers yourself. This isn’t some conspiracy. Their CET1 ratio is a pretty healthy 13-14% even thought the minimum is 4.5%. They have cash and less risky assets to bail themselves out of trouble.

Crypto556

They are not leveraged like Lehman. You can read their numbers. They have a very good CET1 ratio (13.4% compared to a regulatory minimum of 4.5%).

Crypto556

So a $2 put would mean you expect cs to fall at least 50% in the next 6 weeks to break even? Sounds like you’re throwing money away to me. CS has good financials (13-14% CET1 ratio) which is right in line with good liquidity health. There have also been some very significant changes to banking regulation since 2008. I don’t believe they’re going to go bankrupt based on some CDS screenshots and a Bill Hwang loss that’s already priced in.

utminafrica

Where did you get 98% number from the CET ratio's are still very strong. There is no single smoking gun but a number of factors, none of them good. The sad fact is the bottom line costs are far too high, top line revenue is poor, reputational damaged and CS have been slow to correct that. That has an impact on any company. The drastic drops last week were on the rumours that CS may need to raise more capital to assist in the planned restructure, which obviously dilutes existing shareholder value hence the panic sells. Sadly these things can become self fulfilling. It does not mean the bank is doing a Lehman's.

henesys12

That’s what I was preaching a lot of low IQ people on reddit just look at news headline and CDS screenshots and start believing whatever they want to believe and have no clue what’s going on. Basing bankruptcy off of CDS and ignoring fundamentals such as assets and CET1 levels is already stupid enough. What’s even more dumb is that CDS levels aren’t even that high, Ford, GE, etc have higher CDS, and American banks in 2012 have had twice the CDS levels.

henesys12

They have around 50 billion of buffer AFTER Archegos has happened. What do you mean by leveraged up? Do you even look at their CET levels?

Venhuizer

The CET1 ratio is quite healthy as recent as last numbers. We dont know how that has developed over the quarter though

NotoriouStonks

The CET1 is good, more than 13%, why we scare ?

WatchingyouNyouNyou

My puts are ded but yours don't have to be. 🌈🐻 one love!!!! "For today's session, the focus will be on Fed speakers and second-tier data. On the roster, we have Evans (0930, 1115CET), Powell (1330) and Bullard (1555). We also have durable goods orders, new home sales, and consumer confidence. Any upside surprise in US consumer confidence only makes matters worse for the rest of the world, in that the Fed will have to tighten harder to bring aggregate demand lower“

polloponzi

Please check the data of the report. The metadata of the PDF it says it was created on: Thu 06 Jan 2022 09:38:07 CET This report is totally obsoleted nowadays.

OSRSkarma

Is my CET time not correct?

goldenlamp

JPow speech at 2.30PM ET 20.30 CET time livestream https://youtube.com/c/federalreserve Or https://www.federalreserve.gov/live-broadcast.htm

VisualMod

>EASTWARD GAS FLOWS VIA YAMAL-EUROPE PIPELINE FALL TO 0 BETWEEN 2000 TO 2100 CET- GASCADE DATA ^First ^Squawk ^[@FirstSquawk](http://twitter.com/FirstSquawk) ^at ^2022-09-06 ^15:21:24 ^EDT-0400

VisualMod

>EASTWARD GAS FLOWS VIA YAMAL-EUROPE PIPELINE RISE TO 14,610 KWH/H BETWEEN 1900 TO 2000 CET- GASCADE DATA ^First ^Squawk ^[@FirstSquawk](http://twitter.com/FirstSquawk) ^at ^2022-09-06 ^14:27:46 ^EDT-0400

VisualMod

>EASTWARD GAS FLOWS VIA YAMAL-EUROPE PIPELINE FALL TO 0 KWH/H BETWEEN 1800-1900 CET- GASCADE DATA ^\*Walter ^Bloomberg ^[@DeItaone](http://twitter.com/DeItaone) ^at ^2022-09-05 ^14:10:28 ^EDT-0400

Skadi793

I am getting near early retirement, so income stream is important. For cash flow I use 1. Closed-End Funds with good distribution yields and which do not return a lot (or any) principal. Examples include: ADX, TY, GAM, CET. 2. Convertible funds such as ECF, and BCV 3. Covered-call CEFs and ETFs 4. Individual municipal bonds (most have 5% coupons right now) 5. Bond ETFs, including international, and a couple mutual funds 6. Dividend ETFs 7. Individual stocks that pay good dividends or might be value plays. Example is AT&T (can't resist a stock selling at a P/E of 6 with a dividend yield of 6.46% and EPS of almost $3). The only "growth" stuff I have is in my IRA, and 80% of my investments are actually outside that. I am following the "income factory" model of investing --I expect weak results from equities going forward because of valuations, inflation, and other issues.

ProFoxxxx

What time is OPEC meeting? 11 CET?

VisualMod

>NORD STREAM 1 GAS PIPELINE FLOWS AT ZERO ON SEPT 3 FROM 0300- 0400 CET -PIPELINE OPERATOR ^FXHedge ^[@Fxhedgers](http://twitter.com/Fxhedgers) ^at ^2022-09-02 ^22:54:43 ^EDT-0400

VisualMod

>NORD STREAM 1 PIPELINE GAS NOMINATIONS AT 14,437,507 KWH/H FOR SEPT. 3 FROM 0200-0300 CET– OPERATOR WEBSITE ^First ^Squawk ^[@FirstSquawk](http://twitter.com/FirstSquawk) ^at ^2022-09-01 ^22:28:51 ^EDT-0400

VisualMod

>EASTWARD GAS FLOWS VIA YAMAL-EUROPE PIPELINE FALL TO 0 KWH/H BETWEEN 2000 - 2100 CET- GASCADE DATA ^First ^Squawk ^[@FirstSquawk](http://twitter.com/FirstSquawk) ^at ^2022-09-01 ^15:34:03 ^EDT-0400

VisualMod

>EASTBOUND PHYSICAL GAS FLOWS ON YAMAL-EUROPE PIPELINE AT MALLNOW FALL TO 467,560 KWH/H BETWEEN 0700-0800 CET -GASCADE DATA ^\*Walter ^Bloomberg ^[@DeItaone](http://twitter.com/DeItaone) ^at ^2022-09-01 ^04:35:22 ^EDT-0400

VisualMod

>EASTWARD GAS FLOWS VIA YAMAL-EUROPE PIPELINE FALL TO 1,496,986 KWH/H BETWEEN 1800-1900 CET- GASCADE DATA ^\*Walter ^Bloomberg ^[@DeItaone](http://twitter.com/DeItaone) ^at ^2022-08-30 ^13:22:35 ^EDT-0400

penetrasjon

Saying the obvious here... BBBY 20 EOD. Spy 407 EOD. Initial dip with Pootin's death announcement at 16:20 CET.

Skadi793

I typically purchase shares in CEFs selling at 5 year lows and steep discounts to NAV and I buy a lot. Mostly the general equity CEFs like ADX, GAM, TY, and CET. If I see those trading at 5-10 year lows, I start scooping up obviously, no one can predict a bottom. I thought the market had bottomed out in late 2001, but it got much worse the following year.

Subject_Occasion_726

No, it's just that EU markets open 9 am CET.

VisualMod

>EASTBOUND PHYSICAL GAS FLOWS ON YAMAL-EUROPE PIPELINE AT MALLNOW RISE TO 7,966,930 KWH/H BETWEEN 0700-0800 CET-GASCADE DATA ^First ^Squawk ^[@FirstSquawk](http://twitter.com/FirstSquawk) ^at ^2022-08-24 ^03:07:12 ^EDT-0400

VisualMod

>EASTBOUND PHYSICAL GAS FLOWS ON YAMAL-EUROPE PIPELINE AT MALLNOW FALL TO 5,173,714 KWH/H BETWEEN 1400-1500 CET-GASCADE DATA ^\*Walter ^Bloomberg ^[@DeItaone](http://twitter.com/DeItaone) ^at ^2022-08-19 ^09:40:20 ^EDT-0400

Equivalent_Cap_3522

No it's 11:00 CET.

jemaisowitscj

Germany here :D I can buy even before your premarket starts and can trade until closing hours of the US Stock Market. From 8-22 CET

BenMic81

German market Update 10 CET according to Trade Republic: 23.66€ (+19%) ~ 24.05$

BlackpanthaCS32

9:00 to 17:30 CET

Far_Cut_1537

I would say the fed buys bonds in order to raise bond prices (and keep real interest rates low) and then sells them in order to lower bond prices (and raise real interest rates). The money supply part is a bit of a nonsense as banks create money through lending, and they can post bonds as collateral to the central bank as part of their capital asset requirements. Under CET1 government bonds are risk-weighted the same as cash.

VisualMod

>FLOWS IN NORD STREAM 1 PIPELINE DROP TO 13MLN KWH/H BETWEEN 1300-1400 CET ON FRIDAY - NORD STREAM DATA ^\*Walter ^Bloomberg ^[@DeItaone](http://twitter.com/DeItaone) ^at ^2022-08-12 ^08:36:05 ^EDT-0400

Skadi793

I have a pretty big portfolio of munis that I built between 2017-2019. But I wouldn't go near munis right now. I was looking at them yesterday and 1. Anything with a coupon of 5%+ is selling at an obscene premium (112+) 2. Virtually all munis are callable, and the YTW have deteriorated dramatically in the last couple of years I have been focusing on Closed-End Funds with good distribution yields, selling at a discount to NAV (examples would be ADX, CET, TY, etc., along with bond CEFs) Individual stocks with decent valuations and nice dividends. Picked up some AT&T today --like a 6.6% yield with a rock-bottom P/E. Is that stock going to do much in the future? Probably not, but I will hold it to collect that dividend. Even convertables and preferreds don't look particularly attractive right now

maxpown3r

2 small Canadian oil companies releasing earnings next week and I’m loading up: 1. IPO.TO 2. CET.TO They’re both very small market cap and are up 700% over the last year. Have took a dip recently but I think earnings will be very strong.

VisualMod

>PHYSICAL FLOWS THROUGH NORD STREAM 1 PIPELINE FALL TO 17.4 MLN KWH/H FOR 0800-0900 CET ON WEDNESDAY ^\*Walter ^Bloomberg ^[@DeItaone](http://twitter.com/DeItaone) ^at ^2022-07-27 ^03:35:58 ^EDT-0400

VisualMod

>NORD STREAM 1 GAS PIPELINE PHYSICAL FLOWS AT 21,388,236 KWH/H FOR HOUR OF 0600 - 0700 CET- OPERATOR DATA ^First ^Squawk ^[@FirstSquawk](http://twitter.com/FirstSquawk) ^at ^2022-07-21 ^01:38:40 ^EDT-0400

VisualMod

>NORD STREAM 1 GAS PIPELINE NOMINATIONS AT 29,284,591 KWH/H FOR 0600-0700 CET - RTRS ^First ^Squawk ^[@FirstSquawk](http://twitter.com/FirstSquawk) ^at ^2022-07-21 ^00:17:30 ^EDT-0400

VisualMod

>NOMINATION REQUESTS FOR LUBMIN II POINT WHERE NORD STREAM 1 MAKES LANDFALL IN GERMANY PICK UP FROM JULY 21, 2022, 0600 CET - GASCADE WEBSITE ^\*Walter ^Bloomberg ^[@DeItaone](http://twitter.com/DeItaone) ^at ^2022-07-20 ^09:00:06 ^EDT-0400

Chance_Character8092

This is a fcking komedy, are bools winning today. Find out in 1 hour CET.

No-Comfortable9480

No one knows or cares what CET time is 

cenaluc

wen minutes exactly? CET time please, I am too europoor to understand american time zones 

RandomAnalyticsGuy

I'd recommend onion futures but I don't want you going back to jail anytime soon. ​ On a real question - are you looking into any companies with high exposure to consumer credit / BNPL? Rock bottom CET1 ideal. I've been looking at SYF personally. I don't see how consumer credit lending doesn't implode here as more credit card debt than ever before + increase in lending rates is going to cause bankruptcies to skyrocket. So the counterparty risk for these institutions doing the lending seems insane, but maybe that's just me.