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Saw a WSJ article this morning about how EK bonds are sinking today, so I leaped into action.


Looking at the 9.2% 2021 series, not much volume today at all actually. Some small retail size trades. But all are dealer buys from customers. And fills are hitting new recent low $77.50 handles.

Looking at the previously discussed on here 7.25% 2013 series, lots of volume. However no single mind blowing block tipping someone's hand. And all the trading is in mid $80's handle. One thing worth noting is a large 575000 & 250000 block were sale orders as they did get bought by dealers from customers.

The underlying stock is free falling. Its down in the $2.30 range. Only a couple weeks ago it was trading at $3.64. Earnings are next week and there is also a pending patent litigation decision in the pipeline that Kodak has against Apple and RIMM.
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