(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 the potential
impact on the world's biggest economy.
This attracted flows into safe-haven government bonds and
revived prospects for a Federal Reserve interest rate cut this
year.
Read more at Reuters.com Economic 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 the potential
impact on the world's biggest economy.
This attracted flows into safe-haven government bonds and
revived prospects for a Federal Reserve interest rate cut this
year.
Read more at Reuters.com Economic News
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