(Reuters) - Global equities have also come under pressure in recent
days as trouble in the U.S. subprime mortgage industry, has
spread to two hedge funds managed by Bear Stearns with
heavy exposure in the sector. Subprime mortgages cater to
borrowers with troubled credit histories.
Investors worry that problems in the sector could spread to
the rest of the U.S. economy. That would be bad for Mexico's
economy, which sends almost 90 percent of its exports to its
northern neighbor.
Read more at Reuters.com Bonds News
days as trouble in the U.S. subprime mortgage industry, has
spread to two hedge funds managed by Bear Stearns with
heavy exposure in the sector. Subprime mortgages cater to
borrowers with troubled credit histories.
Investors worry that problems in the sector could spread to
the rest of the U.S. economy. That would be bad for Mexico's
economy, which sends almost 90 percent of its exports to its
northern neighbor.
Read more at Reuters.com Bonds News
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