Wind Catastrophe Bond Price Sinks To 70 On Hurricane Irma (Frozen OJ Price Rises)

This is a syndicated repost courtesy of Snake Hole Lounge. To view original, click here. Reposted with permission.

Share!Tweet about this on TwitterShare on FacebookShare on LinkedInEmail this to someonePrint this page

The Swiss Re US Wind Cat Bond Performance Index Price Return Index has sunk to 70 on Hurricane Irma’s projected path through Florida.

swissrewind

The Swiss Re Global Cat Bond Performance Index Price Return is at 80.

(Bloomberg) — Hurricane Irma probably will ravage Florida’s orange groves and sugar-cane crops once the powerful storm strikes the state this weekend. But the damage may not end there for the agriculture industry in the Southeast. Heavy rain and wind is projected to keep moving north into Georgia and reach parts of Tennessee, Alabama and the Carolinas, putting some of the top U.S. producers of chicken, cotton and hogs at risk.
“You’ve got your citrus and vegetable issue in Florida right away, and then as it moves on up into north Florida and Georgia, that’s right in the heart of peanut and cotton country, and soybean and corn country in southwest Georgia, primarily,” Agriculture Secretary Sonny Perdue, a Georgia native and former state governor, told reporters in Washington Friday.

Frozen orange juice concentrate rose on Irma news of a Florida strike.
fcoj

Here is the volatility surface for FOJC futures.

fcojfut.png

Wall Street Examiner Disclaimer:Lee Adler, The Wall Street Examiner reposts third party content with the permission of the publisher. I am also a contractor for Money Map Press, publisher of Money Morning, Sure Money, and other information products. I curate posts here on the basis of whether they represent an interesting and logical point of view, that may or may not agree with my own views. Some of the content includes the original publisher's promotional messages. In some cases promotional consideration is paid on a contingent basis, when paid subscriptions result. The opinions expressed in these reposts are not those of the Wall Street Examiner or Lee Adler, unless authored by me, under my byline. No endorsement of third party content is either expressed or implied by posting the content. Do your own due diligence when considering the offerings of information providers.

Leave a Reply