(Bloomberg) -- Emerging-market bonds fell after Bear
Stearns Cos. told investors in its failed hedge funds they will
get little if any money back, reviving concern that losses on
U.S. subprime mortgage-backed securities may widen.
Speculation losses will mount prompted investors to shun
high-risk assets such as the debt of developing nations. Bad bets
on so-called collateralized debt obligations that were hurt by
rising subprime mortgage defaults forced Bear Stearns Cos. last
month to bail out one of its hedge funds.
Read more at Bloomberg Emerging Markets News
Stearns Cos. told investors in its failed hedge funds they will
get little if any money back, reviving concern that losses on
U.S. subprime mortgage-backed securities may widen.
Speculation losses will mount prompted investors to shun
high-risk assets such as the debt of developing nations. Bad bets
on so-called collateralized debt obligations that were hurt by
rising subprime mortgage defaults forced Bear Stearns Cos. last
month to bail out one of its hedge funds.
Read more at Bloomberg Emerging Markets News
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