Long live King Hussain

CSFBÆs King of the spreads, Abdul Hussain wins our spread prediction competition.

Back in May we asked investors and fixed income research heads to predict where three bonds would trade by September 2. To entice investor's interest we offered a magnum of champagne for the investor whose predictions came closest.

Behind the game was an ulterior motive. We wanted to see who would perform better the investors, or the credit analysts from the investment banks. We ended up with eight investors and eight credit analysts making predictions on the spreads for the KDB 06, the Petronas 09and the PLDT 12.

As it turned out, the bond that separated the men from the boys was PLDT's which widened out to 864.5bp over treasuries by September 2.

We...

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