(Reuters) - Wall Street fell and swap spreads widened on Monday as
problems at two hedge funds managed by Bear Stearns
rekindled worries about U.S. subprime mortgages, which cater to
borrowers with troubled credit histories, and how the fallout
will impact the world's biggest economy.
This, coupled with weak U.S. existing home sales data on
Monday, attracted flows into safe-haven government bonds and put
prospects for a Federal Reserve interest rate cut this year back
on the table.
Read more at Reuters.com Bonds News
problems at two hedge funds managed by Bear Stearns
rekindled worries about U.S. subprime mortgages, which cater to
borrowers with troubled credit histories, and how the fallout
will impact the world's biggest economy.
This, coupled with weak U.S. existing home sales data on
Monday, attracted flows into safe-haven government bonds and put
prospects for a Federal Reserve interest rate cut this year back
on the table.
Read more at Reuters.com Bonds News
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