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CNBC just deleted 5 pages showing CD5 data for banks including JPM and BAC
100 points by janmo on March 26, 2023 | hide | past | favorite | 18 comments
CNBC just deleted 5 pages showing the current and historical 5 year Credit Default Swaps for:

- JPMorgan, deleted URL: https://www.cnbc.com/quotes/JPMCD5

- Bank of America, deleted URL: https://www.cnbc.com/quotes/BACCD5

- PNC, deleted URL: https://www.cnbc.com/quotes/PNCCD5

- Truist Financial, deleted URL: https://www.cnbc.com/quotes/TFCCD5

- Wells Fargo, deleted URL: https://www.cnbc.com/quotes/WFCCD5

Not deleted: Goldman Sachs https://www.cnbc.com/quotes/GSCD5, Deutsche Bank https://www.cnbc.com/quotes/DBCD5 .

You can easily use archive.org to check for yourself example: https://web.archive.org/web/20221009203204/https://www.cnbc.com/quotes/BACCD5

This might not seem like a big thing, but it is! This was one of the very few sources were you could see current credit default swaps data online. I would love to get an explanation from CNBC.

EDIT: I was actively crawling the pages in question, it did work until at least Friday, 24 March 2023 23:55:35 after that the crawling paused for the weekend as the markets are closed. So this change occurred during the weekend.



I have not read the paper below yet, but it seems germane to any discussion of the source(s) of credit default swap data:

"Are all Credit Default Swap Databases Equal?" https://www.cnmv.es/DocPortal/Publicaciones/MONOGRAFIAS/DT44...

I've been using this resource for some time to track the five-year CDS rates of many North American and European banks: https://www.derivateverband.de/ENG/Transparency/Credit-Defau...

At the bottom of the chart/table you can see (a) the source of the data points as well as (b) the last updated date. For the page today the text reads as follows, so the data was last updated on Friday, the 24th of March:

> Source: CMA, part of S&P Capital IQ, Copyright © 2013, Credit Market Analysis Limited. All rights reserved. Date: 24.03.2023


Very good source, thank you


Just checked Refinitiv (which is CNBC's source), they are all there...

It's not free to calculate marketing pricing you know... Pay for it...


That's my point, the broad public hasn't access to a Bloomberg Terminal or Refinitv. That's why if the CNBC data is gone, then it will become very hard to check.

If you search something like "JP Morgan credit default swap" CNBC was the only usable result.


Yeah, something similar happened with IHS markit after they got aquired by S&P global in 2022, all their CDX data went private.

These types of things to me are warning signs.


Weird they didn't delete Deutsche Bank one, it's supposedly the next one to fall


If you as a member of the retail public already know about it, there's no need to hide or limit information. You want to hide or limit information in the areas that people don't know about yet


I would love to know


Isn't this public information anywy?


It's malinformation—true but inconvenient for the ruling class and therefore to be suppressed.


I can bring up JPMCD5 page but the data is flat from 22/11/22 until 24/03/23 and then a single data point for 28/03/23 with a -17.94% drop. So something fishy must be going on to hide the data for the period.


PNC seems to be up again?

Edit: it showed 82, after clicking on the link a second time it still is missing?? weird


I'm guessing all of these banks asked their quotes to be removed, ans cnbc decided to cave in to all requesters at the same time


Might be a bug or a data issue, especially given some are still visible.


I don't understand this stuff but I have seen an argument that these graphs are spreading FUD.


No, they aren't, they are just data.

The problem is the powers that be are heavily invested in keeping the cattle from panicing or paying attention to the house of cards we call an economy.

I assure you; perception management is never benign. It's a reason why in common law, adverse inference is a thing.

https://en.m.wikipedia.org/wiki/Adverse_inference


So they are self-censoring themselves?


I don't know if they are or not, but it's an obvious way to disrupt a harmful information cascade.




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