Jamie Lee Cursetosis

22h

it happened again this time I’m pitching an opinion piece on prediction markets and the CFTC

me when anyone asks me why I’m pitching a 2000-word feature on muni-bond ballot measures to the student newspaper

$PD 2.5x-ed since this post my shitposts have more alpha than my regular posts, part one zillion

At some point soon it’s going to be cheaper for a big $PD client to buy the company outright than to keep paying their seat-license bill

Autocallables on levered-single-name ETFs 30 rock shut it down dot gif www.bloomberg.com/opinion/arti...

to be fair, this is a completely sensible way for UBS‘s equity flow desk to lay off the gap risk on the swap they’ve written to CSOP, but I 100% guarantee you that nobody buying the autocallable is doing it because they’re thinking “oh yes I want to sell that gap risk”!

we are delighted to inform readers that josh.sg is unaffected by the PHP2Shell flaw (because it's been a static HTML site for like eight years now)

josh.sgHome

either the WSJ needs to start using the Oxford comma, or Malcolm Gladwell has invented an exciting new variant of the winter olympic biathlon

bloomberg.comData-Center Firm Elice Plunges 32% in Debut After Korea IPOShares of data-center infrastructure company Elice Inc. plunged in their trading debut, underscoring lingering concerns about whether the artificial intelligence boom can justify the billions of dolla...

talk about not leaving any cash on the table someone should check on Bill Gurley www.bloomberg.com/news/article...

An absolutely enormous lunar meteorite. like, yes, I would very much like a chunk of the moon sitting on my bookshelf!

Peter@notalawyer.bsky.social

question for the audience: if you were ultra rich (let’s say $25M), what completely frivolous thing are you buying?

whomst amongst us, way back when I was desk clerkin' I asked my boss "who's this Louis Dreyfus guy we printed a bunch of cotton trades with, is he your sales coverage at UBS?" he very kindly did not make fun of me for this

NelderMead@neldermead.bsky.social

Being asked by compliance if Sonia Steepener is a client. How’s your day going?

SOURCE REQUEST: do I have any journos or media-adjacent folks who I could talk to for a straight-news story about how media institutions are handling challenges to First Amendment rights? My deadline is tomorrow (16-Oct); if you have time, drop me a DM.

ft.comPerella Weinberg and Piper Sandler abandon merger talksA deal would have created an independent investment bank with an equity value of more than $6bn

Non-US journos v welcome as well (especially FT folks, I know a few of you follow me)! It'll be interesting to draw contrasts between US and overseas regulatory regimes

MLIV <GO> After Dark

pipperella weinerbergler www.ft.com/content/dada...

apologies to everyone who followed me expecting erudite, thoughtful posts about structured products, FX vol, and financial history

look, "we want to improve our credit profile, fundamentally or by structuring, so that we can tap buyers with higher ratings hurdles" is a cromulent treasury goal, but this graf fires the neurons in my brain that remember CPDOs and the aggressive rating arbs of 2005-07 www.ft.com/content/4ffa...

visualizing a GB200-backed SIV issuing AAA-rated weekly ABCP (yes I know, issuers these days are smarter about matching the funding term to the assets, no issuer would be crazy enough to take the rollover risk just to save a few bps… good lord CRWV's credit curve is steep, that's a lot of bps…)

theskylineview.comMeasure V proposes new buildings, renovationsThis election, San Mateo County voters will decide on an $848 million bond measure that would raise funds for new buildings, renovations, and other capital projects across San Mateo County Community C...

New from me at The Skyline View, Skyline's campus paper: San Mateo County Measure V asks voters to OK $848mm of bonds for new buildings at SMC's three community colleges. What would it fund; who's for/against; & what would it do to the district's AAA/Aaa: www.theskylineview.com/news/2026/10...

In the climactic scene of Trading Places, the front-month FCOJ contract trades from 102 to 142 to 23 in a single session price limits in the OJ futures in 1983 were 5 cents, expanded to 8 in December ‘83 (Also the second month never moves!)

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nytimes.comCOMMODITIES Orange Juice Up Again; Grain Futures Mixed (Published 1983)

Source: www.nytimes.com/1983/12/31/b...

a little forward sizzle for you all: this story goes to press this week

me when anyone asks me why I’m pitching a 2000-word feature on muni-bond ballot measures to the student newspaper

TentpoleGame.com is going to eat my entire day at this rate look at what happens when you draft the cast for a gritty gangster drama but then you‘re hunting for a genre and you spin up Pitch Perfect 2

won best picture, now I just need to make something worthy of a tie-in popcorn bucket

ft.trib.alBig investors ‘bottom fish’ in Eurozone bond markets after France sell-offFears of a blow-up similar to the Eurozone debt crisis have been overdone, asset managers say

who's gonna cop to being the jon corzine of this cycle's eurogovvy blowup

Financial Times@financialtimes.com

Big investors ‘bottom fish’ in Eurozone bond markets after France sell-off ft.trib.al/wtrrL0R

it is an utter travesty that the surviving entity of the Skydance / Warner Bros Discovery acquisition is not called "Disco-Dance Brothers" i will not be taking questions

I am going to make a novelty account that just posts Toto Wolff reacting to things

I am going to make a novelty account that just posts Toto Wolff reacting to things

It’s October 3rd.

5.25% per year for ten years is pretty good money!

dame@dame.is

i challenge you to post one optimistic take or belief today on bluesky this needn’t be toxic positivity, just good ol’ run of the mill optimism/hope in the face of a torrential downpour of doom

10 Sept

Folks absolutely loved buying 10s on a 5 handle last time we were up here in Oct ‘23, IIRC it printed >5 once intraday and then bounced like a superball let’s see if the buyers come out of the woodwork again

circling back on this community pizza fire dot gif

bloomberg.comAngry Bondholders Flood Wall Street With Complaints on Paramount LossesJust hours after Paramount Skydance Corp. issued $52 billion of debt to fund the biggest Hollywood buyout ever, investors were nursing hundreds of millions of dollars in losses, triggering a flurry of...

honestly if I was David Ellison I'd be all "OK, if you don't like the bonds we're 96 **choice** for the whole 52 yards. Deal or squeal, how you left shag." www.bloomberg.com/news/article...

ft.comInvestors pursue Dubai investment group over missing paymentsAIX accused of having skipped or delayed payouts on bond-like products offering double-digit annual returns

today in Stories That Got Away I visited the Burj in Dec '25; in the lift down from the observation deck, the doors opened on the 144th floor and it was AIX all I could think was "how on earth can a rando WM afford three floors up top of the Burj?" WELL! giftarticle.ft.com/giftarticle/...

🎵 she’s eating paper, I can tell by the crunching coming from the other room 🎶 🎶 and even though I plead with her to stop, there’s nothing I can do 🎵

I am LEVITATING, who’s going to be the first to try this

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20 Sept

I have a new favorite novelty account.

MORBO, GUEST HOST OF CNBC’S SQUAWK BOX@morbo.business

MATH DOES NOT WORK THAT WAY

21 Sept

@morbo.business how's the family?

20 Sept

posting to share in a DM, please disregard

18 Sept

AP Style sez "Treasurys" for USTs. This is, clearly, completely deranged. @apstylebook.com, who do we have to talk to about this

Karl Schamotta@karl-schamotta.bsky.social

Grammatically, it’s Treasurys. But that just looks stupid, so let’s all agree to write Treasuries.

18 Sept

absolute sicko behavior, this is from the 2026 AP Stylebook did this fall through a time warp from 1926

17 Sept

me when anyone asks me why I’m pitching a 2000-word feature on muni-bond ballot measures to the student newspaper

sticking a flag in the ground: we're gonna go 25 this afternoon, Warsh won't be able to muster consensus for a hold; and the long end is gonna rally

two out of three, but the long bond is *lower* in price terms on the day, womp womp

Your humble correspondent makes an appearance, front-page, above the fold

absolutely love it when the FT throws some shade www.ft.com/content/fab7...

15 Sept

Current niche annoyance: Cloudwatch dashboards are comically bad on mobile. It's not even the widget reflowing; Cloudwatch's own controls don't render properly either! God forbid I want to look at some metrics on my phone instead of having to pull out my laptop

13 Sept

*extremely darts-commentator voice* one hundred and NINETY!

10 Sept

Thursday palate cleanser: meet some residents of the Wildlife Images Rehabilitation Center in Grants Pass. The Center takes in animals that can't be released into the wild, and runs an animal hospital and wildlife education programs as well.

9 Sept

oh no

everyone else is doing it so I figured I would too

8 Sept

Is Safran still printing TARFs in enough size that they're moving the EUR vol market? Haven't heard much about them lately.

josh.sgEleven Years Later, Highly-Leveraged Short Vol Trades Still Going Horrifically Wrong For Everyone InvolvedBack in 2014, clients and banks in Hong Kong got carried out backward when a sharp move in USDCNH blew up clients who’d unwisely bought Target Redemption Forwards (henceforth TARFs). I wrote about it ...

New blog post: TARFs have been blowing up customers (and banks' exotics desks!) since at least 2007, so why are FX derivatives sales desks still printing them? And why are corporates still doing them? (Bonus: blind item!) josh.sg/2025/08/elev...

8 Sept

posting to share in a DM, please disregard