EM_Credit_Fund
@emcreditfund.bsky.social
Selling our forward for 30yrs... Obviously this is not investment advice.
So... When things get really hairy... They dash for the good ol' USD?
Proof of the hypocrisy.
Proof of the hypocrisy.
December 2, 2025 at 7:02 AM
So... When things get really hairy... They dash for the good ol' USD?
Proof of the hypocrisy.
Proof of the hypocrisy.
Ok time to flip again...
Ecua > Argent
Ecua > Argent
This one is over. Time to flip it.
Argent > Ecua.
Argent > Ecua.
December 1, 2025 at 10:11 PM
Things you hear at the top...
November 30, 2025 at 1:44 PM
Things you hear at the top...
It took 16 trading days to go from the highs in the ESZ5 6950 to the lows 6525... it took 2 trading days to retrace 50% of the entire move, ESZ5 @ 6740
November 25, 2025 at 4:45 PM
It took 16 trading days to go from the highs in the ESZ5 6950 to the lows 6525... it took 2 trading days to retrace 50% of the entire move, ESZ5 @ 6740
I'm out of all ARGENT bonds because I have YET to see a credible and realistic plan on how Argentina is going to LOWER debt/gdp. At 50c on the dollar, the investment only needs the issuer to survive. At 80c on the dollar, the investment needs improving debt metrics and lowering of debt/gdp.
November 25, 2025 at 12:56 PM
I'm out of all ARGENT bonds because I have YET to see a credible and realistic plan on how Argentina is going to LOWER debt/gdp. At 50c on the dollar, the investment only needs the issuer to survive. At 80c on the dollar, the investment needs improving debt metrics and lowering of debt/gdp.
if you are bullish Ukraine, I cannot stress enough how much cheaper corp paper is relative to sov...
November 24, 2025 at 10:11 AM
if you are bullish Ukraine, I cannot stress enough how much cheaper corp paper is relative to sov...
Basically every succescful equity investor the last 20yrs has invested in hidden monopolies or markets where competition is heavily hampered & corporate margins have exploded higher to erode the social contract of western democracies and their voters which has caused for the rise of the alt-right?
November 23, 2025 at 6:08 AM
Basically every succescful equity investor the last 20yrs has invested in hidden monopolies or markets where competition is heavily hampered & corporate margins have exploded higher to erode the social contract of western democracies and their voters which has caused for the rise of the alt-right?
SPX crashes to levels not seen in .... checks notes... 1 month.
November 20, 2025 at 5:49 PM
SPX crashes to levels not seen in .... checks notes... 1 month.
You really need to have a lot of confidence to think Jim Chanos & Michael Burry are wrong and you are right. I mean, have they made a movie about how you made billions????
November 20, 2025 at 4:42 AM
You really need to have a lot of confidence to think Jim Chanos & Michael Burry are wrong and you are right. I mean, have they made a movie about how you made billions????
Witkoff : Putin :: Edward VIII : Hitler
Pretty much, no?
Pretty much, no?
November 20, 2025 at 3:21 AM
Witkoff : Putin :: Edward VIII : Hitler
Pretty much, no?
Pretty much, no?
Reposted by EM_Credit_Fund
On Bloomberg TV just now:
Equity Analyst: '7200 SPX target YE 2026'
Anchor: 'Why you so bearish?'
My goodness.
Equity Analyst: '7200 SPX target YE 2026'
Anchor: 'Why you so bearish?'
My goodness.
October 7, 2025 at 12:58 PM
On Bloomberg TV just now:
Equity Analyst: '7200 SPX target YE 2026'
Anchor: 'Why you so bearish?'
My goodness.
Equity Analyst: '7200 SPX target YE 2026'
Anchor: 'Why you so bearish?'
My goodness.
Ok time to flip again...
Ecua > Argent
Ecua > Argent
This one is over. Time to flip it.
Argent > Ecua.
Argent > Ecua.
Never. In. Doubt. 😂
November 19, 2025 at 12:47 PM
Ok time to flip again...
Ecua > Argent
Ecua > Argent
PE firms thinking about all the 'efficiencies' they gonna get by firing everyone at their portfolio companies and then using AI as an excuse...
a man wearing a beanie and a necklace looks out of a window
ALT: a man wearing a beanie and a necklace looks out of a window
media.tenor.com
November 18, 2025 at 2:14 PM
PE firms thinking about all the 'efficiencies' they gonna get by firing everyone at their portfolio companies and then using AI as an excuse...
Reuters: 'Larry Summers says he's stepping back from public commitments after Epstein emails'
should read:
Larry Summers doesn't want to answer questions about his relationship with Epstein.
should read:
Larry Summers doesn't want to answer questions about his relationship with Epstein.
November 18, 2025 at 10:26 AM
Reuters: 'Larry Summers says he's stepping back from public commitments after Epstein emails'
should read:
Larry Summers doesn't want to answer questions about his relationship with Epstein.
should read:
Larry Summers doesn't want to answer questions about his relationship with Epstein.
*SoftBank Unloads Nvidia Stake for $5.8 Billion in Surprise Move
Real 'sell what you can' vibes
Real 'sell what you can' vibes
November 11, 2025 at 8:34 AM
*SoftBank Unloads Nvidia Stake for $5.8 Billion in Surprise Move
Real 'sell what you can' vibes
Real 'sell what you can' vibes
Flat Argy. Everything I'm reading (outside of the promise of a buyback) is not bullish. I rather sit it out from here...
Bot 2035s at 51.5, sold avg at 75.25... in 1 month, +45%
Bot 2035s at 51.5, sold avg at 75.25... in 1 month, +45%
November 10, 2025 at 1:39 PM
Flat Argy. Everything I'm reading (outside of the promise of a buyback) is not bullish. I rather sit it out from here...
Bot 2035s at 51.5, sold avg at 75.25... in 1 month, +45%
Bot 2035s at 51.5, sold avg at 75.25... in 1 month, +45%
In honor of Nigeria's super oversubscribed new issues... an oldie but a goodie from 2022/23 puke-athon.
November 6, 2025 at 1:37 PM
In honor of Nigeria's super oversubscribed new issues... an oldie but a goodie from 2022/23 puke-athon.
Sold 50% of my position at 74.75 or 11% yield. That's +45% in 1 month.
I'm getting worried they aren't going to float the currency soon enough and will have to defend the upper band... infuriating and I hope I'm wrong.
I'm getting worried they aren't going to float the currency soon enough and will have to defend the upper band... infuriating and I hope I'm wrong.
I'm long Argent 5% 2038s @ 51.5 or 18.5% yield.
A lot of bad new sis priced in. Even if Milei loses on the veto and in the midterms (which is a big assumption) I probably will get 2years of coupons and he has time to turn it around. Also who is the viable Presidential candidate for the opposition?
A lot of bad new sis priced in. Even if Milei loses on the veto and in the midterms (which is a big assumption) I probably will get 2years of coupons and he has time to turn it around. Also who is the viable Presidential candidate for the opposition?
November 6, 2025 at 2:58 AM
Sold 50% of my position at 74.75 or 11% yield. That's +45% in 1 month.
I'm getting worried they aren't going to float the currency soon enough and will have to defend the upper band... infuriating and I hope I'm wrong.
I'm getting worried they aren't going to float the currency soon enough and will have to defend the upper band... infuriating and I hope I'm wrong.
Equities now down for 4 trading days... hang in there everybody. Hopefully we all survive the November 5 day 'crash' of 2025...
To all the 1st year analysts in banking and finance in general... I promise, equity markets do sell off for more than 12hours.
November 5, 2025 at 8:39 AM
Equities now down for 4 trading days... hang in there everybody. Hopefully we all survive the November 5 day 'crash' of 2025...
The USD...
a room with the words i came in like a wrecking ball
ALT: a room with the words i came in like a wrecking ball
media.tenor.com
November 4, 2025 at 2:17 PM
The USD...
Dear everybody, the people buying the new issuance from Tech companies are NOT experts in AI. Don't ask them for their opinion on AI. They are debt investors and are buying debt from companies that have more cash than debt outstanding. They won't add any value with their opinion on 'AI'.
November 3, 2025 at 1:54 PM
Dear everybody, the people buying the new issuance from Tech companies are NOT experts in AI. Don't ask them for their opinion on AI. They are debt investors and are buying debt from companies that have more cash than debt outstanding. They won't add any value with their opinion on 'AI'.
The only potential downside about this weekend's Argentine election is that Milei's performance was SO GOOD that perhaps the economic team feels confident and doesn't devalue. That would be a huge mistake that I hope they avoid...
October 27, 2025 at 11:54 AM
The only potential downside about this weekend's Argentine election is that Milei's performance was SO GOOD that perhaps the economic team feels confident and doesn't devalue. That would be a huge mistake that I hope they avoid...
Soda Stereo - De Musica Ligera (El Último Concierto)
YouTube video by SodaStereoVEVO
www.youtube.com
October 27, 2025 at 9:19 AM
Today's playlist: anything SODA STEREO...
thank me later.
thank me later.
October 27, 2025 at 9:00 AM
Today's playlist: anything SODA STEREO...
thank me later.
thank me later.
Bonds now at 73.5 or +43% in 1 month. I did cut some this am. The position had blown through my signle issuer limits 🤣
#alfa
#alfa
I'm long Argent 5% 2038s @ 51.5 or 18.5% yield.
A lot of bad new sis priced in. Even if Milei loses on the veto and in the midterms (which is a big assumption) I probably will get 2years of coupons and he has time to turn it around. Also who is the viable Presidential candidate for the opposition?
A lot of bad new sis priced in. Even if Milei loses on the veto and in the midterms (which is a big assumption) I probably will get 2years of coupons and he has time to turn it around. Also who is the viable Presidential candidate for the opposition?
October 27, 2025 at 8:49 AM
Bonds now at 73.5 or +43% in 1 month. I did cut some this am. The position had blown through my signle issuer limits 🤣
#alfa
#alfa