(Reuters) - The credit markets have been jittery on liquidity concerns
after two hedge funds owned by Bear Stearns Cos. made
bad bets on securities linked to subprime mortgages and turned
in significant losses through April. Merrill Lynch & Co. Inc.
seized some $850 million of collateral from the funds
late last week and sold off some of the assets on Wednesday.
The credit derivative indexes had widened in April as
housing concerns weighed on the spreads of home builders.
Read more at Reuters.com Bonds News
after two hedge funds owned by Bear Stearns Cos. made
bad bets on securities linked to subprime mortgages and turned
in significant losses through April. Merrill Lynch & Co. Inc.
seized some $850 million of collateral from the funds
late last week and sold off some of the assets on Wednesday.
The credit derivative indexes had widened in April as
housing concerns weighed on the spreads of home builders.
Read more at Reuters.com Bonds News
No comments:
Post a Comment