(Reuters) - The move makes it unlikely that the funds will be able to
restructure. Merrill's selling such a large quantity of
illiquid assets, which are mainly collateralized debt
obligations, could force prices in that market markedly lower,
sources said.
The two funds suffered double-digit losses through April
after making bad bets on securities backed by subprime loans.
Read more at Reuters.com Bonds News
restructure. Merrill's selling such a large quantity of
illiquid assets, which are mainly collateralized debt
obligations, could force prices in that market markedly lower,
sources said.
The two funds suffered double-digit losses through April
after making bad bets on securities backed by subprime loans.
Read more at Reuters.com Bonds News
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